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
Martin Luther King Day
Monday, 15th January, 2024
Tuesday, 16th January, 2024 Yes No
Presidents' Day Monday, 19th February, 2024 Tuesday, 20th February, 2024 Yes No
Good Friday Friday, 29th March, 2024 Closed No No
Memorial Day Monday, 27th May, 2024 Tuesday, 28th May, 2024 Yes No
Juneteenth Wednesday, 19th June, 2024 Thursday, 20th June 2024 Yes No
Independence Day Thursday, 4th July, 2024 Friday, 5th July, 2024 Yes No
Labor Day Monday, 2nd September, 2024 Tuesday, 3rd September, 2024 Yes No
Thanksgiving Day Thursday, 28th November, 2024 Friday, 29th November, 2024 Yes No
Christmas Day Wednesday, 25th December, 2024 Closed No No
New Year Day 2024 Wednesday, 1st January, 2025  Closed No No
 

 

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

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