Oman Crude Oil
Oman Crude is a medium sour crude from Oman destined for East of Suez markets.
Oman crude futures are traded at the Dubai Mercantile Exchange (DME) under ticker symbol OQD (the DME is a fully electronic exchange, and its contracts are listed on CME Globex). Contract size is 1,000 barrels (42,000 gallons) with a contract price quoted in US Dollars and Cents per barrel. Contract settlement consists of physical delivery. Delivery dates take place every month of the year.
Middle Eastern Crude Oil (average value of Dubai and Oman) is traded at the Tokyo Commodity Exchange (TOCOM) under ticker symbol 33. Contract size is 50 kl (approximately 314,5 barrels). Settlement of contract consists of cash-settled futures transaction.