Trading Hours

Electronic trading is open from 1600 North American Central Standard Time / Central Daylight Time (CST/CDT) Sundays and from 1700 CST/CDT Monday to Thursday and closes at 1615 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 OSP settlement 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 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 settlement price published for the DME Oman Crude Oil Futures Contract at 1630 Singapore time on these days.

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.