DME sets new open interest record

DME, the top worldwide power futures and commodities exchange in the center East, reveals today a brand-new open passion document for its flagship Oman Crude Oil Futures agreement of 31,492 lots, which amounts 31.5 million barrels of Omani petroleum. The previous record was set on 28 Aug 2015 when open passion was 27,107 great deals.

Today record's highlights the rise cravings for business players to trade on the exchange as well as obtain their crude oil delivered through DME because of its clear trading system and its modern delivery system that allows DME to provide in between 15 and 22 million barrels monthly from Mina Al Fahal port in Oman.

Owain Johnson, Managing Director, DME stated: "The new record today shows that our offering is very understood by significant worldwide business gamers. We have actually experienced solid physical shipment quantities recently and also this is because of the ever-growing hunger among oil investors to trade the DME Oman agreement, both to take part in rate discovery and in physical shipment through the exchange.".

Johnson added: "An increase in open interest is the very best sign of the wellness of a futures agreement and so we are delighted to set a brand-new record. Trading quantities likewise continue to grow highly on the Exchange, so DME has actually made a superb begin to 2016.".

DME lately signed up a 30 per-cent increase year-on-year in physical delivery quantities with a total of 229,039,000 barrels delivered throughout 2015 as compared to 176,514,000 barrels in 2014. This excellent efficiency made it the best year in the record of the exchange for physical distribution enhancing DME's critical role as a crucial worldwide power trading system.