Trading DME Contracts

DME Oman Crude Oil/Platts Dubai Crude Oil Futures (DOP)

Trading Unit
 
1,000 U.S. barrels
 

Price Quotation
 
U.S. dollars dollars and cents per barrel
 

Trading Symbol on Globex
 
DOP
 

Trading Hours
 
Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET).
 
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.
 

Trading Months
 
Current year +5 consecutive years
 

Minimum Price Fluctuation
 
$0.001 per barrel ($1.00 per contract)
 
 

Floating Price
 
Platts Dubai and DME Oman Marker Price (as made public by DME at 16:30 local Singapore time (03:30am CT) 

 

The Floating Price for each contract month in equal to the average of the sum of the arithmetic average of the DME Oman Crude Oil Futures first nearby contract Market Price calculated as of 16:30 (Singapore time) and the arithmetic average of the mid-point between the high and low quotations for the Platts Dubai Crude Oil assessment as published in the Daily Crude Oil Marketwire for each Trading Day during the contract month (using non-common pricing).


Final Settlement Price
 
Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month.
 
 

Last Trading Day
 
Trading shall cease on the last Singapore business day of the contract month. 
 

Settlement Type
 
Financial
 

Rulebook Chapter
 
 
 

Holidays

Please visit the DME holiday calendar at http://dubaimerc.com/trading-hours-and-holiday-calendar and the Platts trading schedule at http://www.platts.com/