19 April 2007 16:09 [Source: ICIS news]
The move by ICE follows an announcement earlier on Thursday by rival Dubai Mercantile Exchange (DME) that it has pushed back the launch date for its keenly awaited Oman futures contract to 1 June from 1 May.
The new ICE Middle East sour crude oil futures contract, which still requires ?xml:namespace>
“We believe this will be particularly useful for producers, refiners and hedgers in Asia and the
Approximately 70% of total
The ICE Middle East sour crude futures contract will trade continuously for 22 hours a day – from 01:00 to 23:00 local
Daily contract settlement will take place at 19:30 local
The ICE crude futures contract is sized at 1,000 barrels, with the contract price quoted in US dollars.
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