Q. When does the DME Oman Crude Oil Futures Contract settle?
A. A daily Oman OSP settlement price is published by the DME for the DME Oman Crude Oil Futures Contract at 1630 Singapore time (1230 in Dubai, 0330 or 0430 EST the same day), which is the current close of the Singapore cash market. This price is used in the monthly formula to calculate the official OSP for Oman Crude Oil term sales for that delivery month.

The DME also publishes an end of day settlement price at 1430 EST (0230 or 0330 in Singapore the following day) for the DME Oman Crude Oil Futures Contract which coincides with the settlement prices of the NYMEX 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.

Q. Are there any days in the year on which an Oman OSP settlement price and an end of day settlement price will not be published for the DME Oman Crude Oil Futures Contract?
A. Yes. 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. There are six additional non-banking New York holidays where no margining will occur, but there will be a daily Oman OSP settlement price for the DME Oman Crude Oil Futures Contract at 1630 Singapore time. Please click here to view the Holiday Calendar.

Q. Where can I obtain historical data for the DME?
A. DME historical data is available on http://www.dubaimerc.com/data/historical.aspx