Q. What is the DME Oman Crude Oil Financial Contract size?
A. The current year and the next five years. A new calendar year will be added following the termination of trading in the December contract of the current year.
A. A daily Oman Market Price is published by the DME for the DME Oman Crude Oil Futures Contract (OQD) at 1630 Singapore time (1230 Dubai Time, 0230 CST or 0330 CDT), and this same settlement price is used to settle the DME Oman Crude Oil Financial Contract on the final trading day. Trading in the front month ends on the last trading day in the front month of the DME Oman Crude Oil Futures Contract for the corresponding delivery month.
A. The minimum price fluctuation is 1 cent ($0.01) per Barrel. There is no maximum price fluctuation.