Dubai Financial Market to launch trading of Oman Crude Oil Futures on 1st of June 2022

Dubai Financial Market to launch trading of Oman Crude Oil Futures on 1st of June 2022

- The Micro Oman Crude Oil Contract enables DFM’s investors’ seamless access to a new asset class for the first time

- The new product will be traded with the support of 3 market makers

Dubai: The Dubai Financial Market (DFM) today announced that it is launching trading of its new Micro Oman Crude Oil Contracts on 1st of June 2022, 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 maximize 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