Arab Today, arab today oman crude oil futures contract trades below 100bn
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Oman crude oil futures contract, trades below $100bn

Arab Today, arab today

Arab Today, arab today Oman crude oil futures contract, trades below $100bn

Dubai Mercantile Exchange (DME)
Dubai - WAM

   
 
DME, the Middle East's premier international energy futures and commodities exchange, reported Wednesday that its flagship Oman Crude Oil Futures Contract (DME Oman) traded below $100/b per barrel for the first time in over a year. The front-month November DME Oman futures traded at a low of $99.39 per barrel before settling at $99.48 per barrel at 12:30 Dubai time, with more than 3,200,000 barrels traded during the window.
Wednesday's price was $1.5 down from the previous day's trade and is the lowest Marker Price since July 2013. The DME Marker Price is used by the governments of Oman and Dubai to calculate the Official Selling Price for crude oil exports.
Oman crude prices have trended lower since the second half of June, as the upheaval in Iraq largely left the key oil export regions in the south of the country untouched, while the downtrend continued after the International Energy Agency lowered its demand forecast for 2014, citing weaker-than-expected second-quarter economic growth in developed countries and a drop in oil stockpiling in China.
Christopher Fix, Chief Executive of DME, said: "We saw a one-year high of above $110/b in June, and now in September the lowest price for over a year. We are witnessing a significant revival in market volatility following a very stable first half to the year."

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oman crude oil futures contract trades below 100bn Arab Today, arab today oman crude oil futures contract trades below 100bn

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oman crude oil futures contract trades below 100bn Arab Today, arab today oman crude oil futures contract trades below 100bn

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday