DME starts 2017 with new open interest record

Published:  03 February, 2017

Dubai Mercantile Exchange (DME), a premier international energy futures and commodities exchange in the Middle East, has reported a new open interest record of 40,505 lots for its flagship Oman Crude Oil Futures Contract following January trading 2017 activity. Equivalent to 40.5 million barrels of Omani crude oil, the latest figure is said to surpass the previous open interest record of 31,492 lots set on January 27, 2016.

According to Mayssam Hamadeh, head of marketing, DME, the record is a further milestone for the Exchange as it confirms the market’s confidence in the Oman Crude Oil Futures Contract. He said: “Open interest in DME Oman has been increasing steadily and the new record illustrates that appetite among major energy market players to trade on the Exchange remains strong in the face of fluctuating crude oil prices.”

Click here for the full unedited version of the release as provided by the company

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