DME to launch new contracts



The Dubai Mercantile Exchange (DME) is to launch financially settled contracts for Brent and Oman crude oil. The two contracts, for which no start date has been set, will follow the launch of the DME's physically settled Oman crude oil futures last year, and will trade electronically on the DME Direct platform.

DME chief executive Gary King says the exchange's customers say they want to trade multiple financially settled crude oil benchmarks on a common platform, linked to the pricing of the

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