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.
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.
|Federal Holiday||Holiday Date||Actual Business Day||DME Marker Price||DME Settlement Price|
|New Year Day 2023||Monday, 2nd January, 2023||Closed||No||No|
|Martin Luther King Day||
Monday, 16th January, 2023
|Tuesday, 19th January, 2023||Yes||No|
|Presidents' Day||Monday, 20th February, 2023||Tuesday, 21st February, 2023||Yes||No|
|Good Friday||Friday, 7th April, 2023||Closed||No||No|
|Memorial Day||Monday, 29th May, 2023||Tuesday, 30th May, 2023||Yes||No|
|Juneteenth||Monday, 19th June, 2023||Tuesday, 20th June 2023||Yes||No|
|Independence Day||Tuesday, 4th July, 2023||Wednesday, 5th July, 2023||Yes||No|
|Labor Day||Monday, 4th September, 2023||Tuesday, 5th September, 2023||Yes||No|
|Thanksgiving Day||Thursday, 23rd November, 2023||Friday, 24th November, 2023||Yes||No|
|Christmas Day||Monday, 25th December, 2023||Closed||No||No|
|New Year Day 2023||Monday, 1st January, 2024||Closed||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.