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Article: dubai mercantile exchange reports record open interest for benchmark oman crude oil futures contract
- Article from:
- Al Bawaba
- Article date:
- October 24, 2007
CopyrightCopyright 2007 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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dubai mercantile exchange reports record open interest for
benchmark oman crude oil futures contractSteady Growth in Trading
Volumes Continue As Open Interest Surpasses 7,000 Contracts
The Dubai Mercantile Exchange Limited (DME) today announced that
it has achieved its highest level of open interest for its benchmark
Oman Crude Oil Futures Contract, since the commencement of trading
on the Exchange on 1 June 2007.
As of October 24, open interest on the DME stood at 7,199
contracts, an increase of 732 since the previous high of 6,467
recorded on 29 June 2007. A rise in open interest on the Exchange is
a leading indicator that customers are becoming more confident with
the Oman Crude Oil ...