oil future


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Synonyms for oil future

petroleum bought or sold at an agreed price for delivery at a specified future date

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References in periodicals archive ?
Summary: Christopher Fix, CEO of Dubai Mercantile Exchange (DME), talks about the strong performance of Oman Crude Oil Futures Contract and the $12- 18bn annual trade finance opportunity which has not been tapped by the regional banks, in an interview with Akshay Bhatnagar
In a statement issued after rumours spread about irregular trading on City and Asian markets, Robin Bieber, managing director of London-based PVM Oil Futures said it was investigating the unauthorised trades.
A NYMEX crude oil future is a contract for 1,000 barrels of domestic light, sweet crude oil.
During January, NYMEX WTI Houston Crude Oil futures average daily volume increased to more than 1,000 contracts traded per day.
Of course the volume of trades on the Shanghai INE still lags behind that of the Brent oil contracts traded in London and the West Texas Intermediate oil futures traded in New York.
Asking prices for palm oil were between $2.50 and $7.50 a tonne lower after Malaysian palm oil futures closed between eight and 17 ringgit per tonne down.
The price of Brent oil futures was last at that level on November 24, 2014.
DME Oman Crude Oil Futures was launched in 2007, and since then has grown in its global status and influence.
In his opening remark, he pre-announced the launch of crude oil futures trading coming up this July to serve local investors without adverse impact from exchange rate fluctuations.
China has waited for more than a quarter of a century to have its own oil futures. With the launch of the yuan-denominated oil futures - China's first commodity derivative open to foreign investors -- on March 26 at the Shanghai Futures Exchange, the world's largest energy consumer is seeking more power in pricing crude sold to Asia.
New Delhi: China launched its first ever yuan-denominated oil futures contract in Shanghai.
TOKYO, March 26 (KUNA) -- China on Monday launched trading of the yuan-denominated crude oil futures contracts, the first futures listed on China's mainland to overseas investors, state-run Xinhua News Agency reported.
ISLAMABAD -- China is set to launch a much-anticipated yuan-denominated crude oil futures contract in two weeks, and institutions have been preparing their clients for it.
KRX and DME will work together to develop crude oil futures trading in the Republic of Korea, with a particular focus on developing an energy trading ecosystem around the National Oil Hub Project in Ulsan, Korea.