Dubai:
Dubai Mercantile Exchange (DME) said it has launched eight new oil listings on Monday, following completion of the regulatory review.
Among the new products offered by DME is the Oman Crude Oil/Platts Dubai Crude Oil Futures contract (code DOP) which helps customers match their hedging exposure for crude from Saudi Arabia, the world’s largest exporter of crude oil.
The new listings will complement DME’s current suite of products, which includes the flagship Oman Futures contract, along with Dubai and Brent/Dubai futures.
“The new listings are the next step in the natural evolution of the DME and exchange-traded products across the Asian markets, helping customers to hedge physical pricing exposure on both crude oil and refined products,” Ahmad Sharaf, Chairman of DME, said in a statement.
