DME to launch new contracts

The Dubai Mercantile Exchange (DME) is to launch two new financially settled contracts for Brent and Oman crude oil.

The contracts, for which no official launch date has been set, will follow the launch of the DME's Oman crude oil futures last year, and will trade electronically on the DME Direct platform.

"Our customers told us that they wanted to be able to trade multiple financially settled crude oil benchmarks on one common platform, linked to the pricing of the underlying physical contract,"

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