Dubai Financial Market to launch trading of Oman crude from June 1

The Dubai Financial Market (DFM) announced that it is launching trading of its new Micro Oman Crude Oil Contracts on June 1, 2022, providing investors with a unique investment opportunity.

The Micro Oman Crude Oil Contract will represent a significant addition to DFM's growing futures market.

It enables investors’ seamless access to gain on the increase or decrease of oil prices as well as to diversify their portfolios and access leverage to maximise portfolio size and potential returns. 'The contracts will be cash settled and will have a smaller contract size of 100 barrels making them accessible to a large number of investors,' DFM said in a statement on Thursday.

The Oman Crude Oil Contracts will be supported by three market makers including; xCube,

Al Ramz Capital, and BHM Capital and will be offered by several DFM trading members including; International Securities, BHM Capital Financial Services, Al

Ramz Capital, Mena Corp Financial Services, Al Dar Shares and Bonds, SICO Financial Brokerage, EFG Hermes (UAE) and Arqaam Securities.

The new contracts are also the first outcome of the collaboration agreement between DFM and the Dubai Mercantile Exchange (DME) to develop new investment opportunities and offer retail investors the opportunity to be directly involved in the biggest and most relevant asset class in the region.

DFM said this new initiative underscores its efforts to implement its growth strategy that focuses on diversifying investment opportunities and financial products, in line with the growing demand from its diversified investor base of more than 900,000 investors.