The DME continued to grow strongly in 2010, with this growth characterized by three significant developments.
Firstly, liquidity has consistently increased through 2010 with trading volumes achieving a 35% year-on-year increase and average daily volumes approaching 3,000 contracts (3 million barrels) in the last quarter. Record levels of open interest were seen during the year, demonstrating increased market depth and the industry’s continuing acceptance of the DME Oman as the most efficient price discovery and risk management tool in the East of Suez crude oil markets.
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