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DFM to launch trading of Oman Crude Oil Futures next June

DFM to launch trading of Oman Crude Oil Futures next June
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DFM
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Dubai - Mubasher: The Dubai Financial Market (DFM) is planning to start the trading of its new Micro Oman Crude Oil Contracts on 1 June 2022.

The announcement comes in line with DFM’s growth strategy that aims at promoting investment opportunities and financial products, given to the rising demand from more than 900,000 investors, according to a press release on Thursday.

The Micro Oman Crude Oil Contract helps investors to follow the changes in oil prices and maximise their portfolio size and potential returns.

The contracts are backed by three market services, comprising xCube, Al Ramz Capital, and BHM Capital.

Meanwhile, several DFM trading members will provide the new contracts, including International Securities, BHM Capital Financial Services, Mena Corp Financial Services, EFG Hermes (UAE), and Arqaam Securities.