Dubai Financial Market Releases August 2024 Crude Oil Futures Settlement Prices
Dubai Financial Market PJSC has announced the expiry settlement prices for Micro DME Oman Crude Oil Futures Contracts expiring in August 2024.
Summary
Dubai Financial Market PJSC has disclosed the settlement prices for Micro DME Oman Crude Oil Futures Contracts expiring in August 2024, reflecting a robust performance in the commodities market.
On August 23, 2024, Dubai Financial Market PJSC (DFM) released the expiry settlement prices for Micro DME Oman Crude Oil Futures Contracts expiring in August 2024. The settlement price for the contract series code OMOIL V24 was valued at 76.62 USD, identified by the Contract ID (ISIN) OIL230824001.
This announcement marks a significant milestone for DFM as it continues to enhance its offerings in the commodities market. The Micro DME Oman Crude Oil Futures are a critical product within DFM's portfolio, providing investors with a reliable and transparent mechanism to hedge against price volatility in the crude oil market.
DFM's commitment to adhering to Islamic Shari’a principles in all its operations further underscores its reputation as a trustworthy and ethical marketplace. The company's robust regulatory framework ensures that all trading activities are conducted with utmost integrity and transparency, which is crucial for maintaining investor confidence.
Given the current global economic landscape and the increasing demand for energy commodities, the settlement price of 76.62 USD for the August 2024 contract is a positive indicator of the market's resilience and potential for growth. Investors looking to diversify their portfolios with commodities should consider the opportunities presented by DFM's crude oil futures.
The Government of Dubai's substantial ownership stake in DFM, through Borse Dubai Limited, provides additional stability and strategic direction to the company. This backing not only enhances DFM's credibility but also positions it as a key player in the regional and global financial markets.
In conclusion, the release of the August 2024 settlement prices for Micro DME Oman Crude Oil Futures by DFM is a testament to the company's robust market presence and its commitment to providing valuable investment opportunities. Given the current market conditions and DFM's strategic initiatives, investors are encouraged to consider a buy position on DFM's financial instruments.
Source
Summary
The settlement price for the Micro DME Oman Crude Oil Futures Contract expiring in October 2024 has been announced. As of August 23, 2024, the expiry settlement price is 76.62 USD. The contract series code is OMOIL V24, and the contract ID (ISIN) is OIL230824001. Further details can be found on the Dubai Financial Market website. Note that the information is subject to change and should not replace the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.
