DGCX launches crude oil futures

Two new crude oil futures products have launched on the Dubai Gold & Commodities Exchange (DGCX).

The West Texas Intermediate light sweet crude and Brent crude futures contracts will be available to regional and international market participants, under the favourable regulatory and taxation regimes of the United Arab Emirates, according to the exchange.

Malcolm Wall Morris, chief operating officer at the DGCX, told Energy Risk customer demand has fuelled the contract launch. "We've had increased d