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Friday, November 13 - 2009

Oman oil futures decline

  • United Arab Emirates: Tuesday, July 31 - 2007 at 12:12

Trade in Oman oil futures on the Dubai Mercantile Exchange in July has disappointed, with volumes more than half those in June, Reuters reported. About 2.5m barrels of Oman crude are likely to have been settled for September delivery by the end of Tuesday trading, 4m barrels lower than the debut August delivery contract, according to exchange data. Oman and Dubai are pricing their exported crude against the Middle East sour crude contract.

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