DFM to launch trading Oman crude oil futures

DFM to launch trading Oman crude oil futures

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DUBAI / WAM

The Dubai Financial Market (DFM) announced on Thursday that it is launching trading of its new Micro Oman Crude Oil Contracts on June 1, providing investors with a unique investment opportunity

The Micro Oman Crude Oil Contract will represent a significant addition to DFM growing futures market. It enables investors’ seamless access to gain on the increase or decrease of oil prices as well as to diversify their portfolios and access leverage to maximise portfolio size and potential returns.

The contracts will be cash settled and will have a smaller contract size of 100 barrels making them accessible to a large number of investors.

The contracts will be supported by 3 market makers including; xCube, Al Ramz Capital, and BHM Capital and will be offered by several DFM trading members.

including; International Securities, BHM Capital Financial Services, Al Ramz Capital, Mena Corp Financial Services, Al Dar Shares and Bonds, SICO Financial Brokerage, EFG Hermes (UAE) and Arqaam Securities.

The new contracts are also the first outcome of the collaboration agreement between DFM and DME to develop new investment opportunities and offer retail investors the opportunity to