The Dubai Mercantile Exchange (DME) Oman futures contract has seen trading volumes pick up after its move to the Chicago Mercantile Exchange (CME) Globex platform, albeit slowly. And while National oil producers (NOCs) have yet to embrace the contract en masse for the pricing of their sales to Asia, it remains the best bet for a new benchmark for Mideast and Asian markets, according to a DME executive (IOD Feb.11,p5).
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