The Dubai Mercantile Exchange (DME) will launch two new financially settled futures contracts on June 2 for Brent and Oman crude, the Exchange said in a statement.
The contracts come a year after the DME launched the first physically delivered contract for Oman crude.
The DME Brent financial contract will be cash-settled against ICE's Brent Crude Futures Contracts, while the DME Oman financial Contract will be cash-settled against the exiting DME Oman futures Contract, the exchange said. - Reuters