Oman Crude Oil Futures Contract traded above $110

DUBAI: DME, the Middle East s premier international energy futures and commodities exchange, announced today that its flagship Oman Crude Oil Futures Contract (DME Oman) contract traded above $110 per barrel, during the 5-minute settlement window.

The front-month August DME Oman futures traded at a high of $110.04 per barrel before settling slightly lower at $109.97 per barrel at 12:30 Dubai time, with more than 5,000,000 barrels traded during the window.

Wednesday s settlement level is $1.26 up from the previous day s settlement, and marked the highest settlement price since September 2013.