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DME to delay futures launch
- United Arab Emirates: Saturday, December 30 - 2006 at 10:09
The Dubai Mercantile Exchange has put back the launch of its Oman crude oil futures contract until at least March as it irons out various details, according to un-named industry sources cited by Reuters. The DME hasn't officially given a launch date but the contract was widely expected to be traded from mid February. One Singapore based source said concerns over the physical delivery process could delay the launch.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 30 - 2006 at 10:09 UAE local time (GMT+4)
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This article was updated on Wed Mar 28 2007.
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