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Trading Hours and Holiday Calendar

Trading Hours

Electronic trading is open from 1600 North American Central Standard Time / Central Daylight Time (CST/CDT) Sundays and from 1645 CST/CDT Monday to Thursday and closes at 1600 CST/CDT the next day, Monday to Friday.

Singapore is 14 hours ahead of CST and Dubai is 10 hours ahead. The time difference is reduced by one hour when CDT is in effect. Neither Dubai nor Singapore observe Daylight Savings Time.

 


Settlement

A daily Oman Marker Price is published by the DME for the front month DME Oman Crude Oil Futures Contract at 1630 Singapore time.

The DME also publishes an end of day settlement price at 1330 CST/CDT for all contracts. This timing coincides with the settlement prices of the light sweet crude oil futures contract and other key energy markets. The DME end of day settlement price is used by the Clearing House to mark to market open positions and thereby establish variation margin.

The DME is closed for trading on New Year's Day, Good Friday and Christmas Day, therefore no Marker or Settlement Prices will be published on these days. As illustrated in the table below, there are six additional US holidays where no margining will occur, but there will be a daily Oman OSP Marker Prices published for the DME Oman Crude Oil Futures Contract at 1630 Singapore time on these days.

Holiday Calendar

Federal Holiday Holiday Date Actual Business Day DME Marker Price DME Settlement Price
Christmas Day Wednesday, 25th Dec, 2019 Closed No No
New Year Day 2020 Wednesday, 1st January, 2020 Closed No No
 
Martin Luther King Day Monday, 20th January, 2020 1/21/2020 Yes No
Presidents' Day Monday, 17th February, 2020 2/18/2020 Yes No
Good Friday Friday, 10th April, 2020 Closed No No
Memorial Day Monday, 25th May, 2020 5/26/2020 Yes No
Independence Day Friday, 3rd July, 2020 7/6/2020 Yes No
Labor Day Monday, 7th September, 2020 9/8/2020 Yes No
Thanksgiving Day Thursday, 26th November, 2020 11/27/2020 Yes No
Christmas Day Friday, 25th December, 2020 Closed No No
New Year Day 2021 Friday, 1st January, 2021 Closed No No
 

 

For DME contracts using Platts settlements, please refer to the Platts traiding schedule at http://www.platts.com

Platts™ is a trademark of S&P Global Inc. and has been licensed for use by DME. The Dubai Crude Oil (Platts), Singapore Gasoil (Platts), Singapore Mogas 92 Unleaded (Platts), Singapore Jet Kerosene (Platts), Middle East Fuel Oil 180 cst (Platts), Middle East Fuel Oil 380 cst (Platts), Singapore vs. Middle East Fuel Oil 180 cst Spread (Platts), Singapore vs. Middle East Fuel Oil 380 cst Spread (Platts) are not sponsored, endorsed, sold or promoted by PLATTS and PLATTS makes no representation regarding the advisability of buying, selling and/or investing in the Brent vs. Dubai (Platts) Crude Oil BALMO Futures, Brent vs. Dubai (Platts) Crude Oil Futures, DME Oman vs. Dubai (Platts) Crude Oil Futures, Dubai Crude Oil (Platts) Average Price Option, Dubai Crude Oil (Platts) BALMO Futures, Dubai Crude Oil (Platts) Futures, Singapore Gasoil (Platts) vs. DME Oman Crude Oil Futures, Singapore Jet Kerosene (Platts) vs. DME Oman Crude Oil Futures, Singapore Mogas 92 Unleaded (Platts) vs. DME Oman Crude Oil Futures, Middle East Fuel Oil 180 cst (Platts) Futures, Middle East Fuel Oil 380 cst (Platts) Futures, Singapore vs. Middle East Fuel Oil 180 cst Spread (Platts) Futures, Singapore vs. Middle East Fuel Oil 380 cst Spread (Platts) Futures, Singapore Fuel Oil 180 cst (Platts) Futures, Singapore Fuel Oil 380 cst (Platts) Futures, and Singapore Fuel Oil 180 cst vs. 380 cst (Platts) Futures Contracts.

Note: The last trading day shall not be set for any CME Holiday. Please see product definitions.

Although the DME has made every effort to ensure the accuracy of the information contained herein, dates may be subject to change.