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Rivals attempt to create benchmark futures contracts to trade Middle East crude oil but lack of interest means little competition for Brent and West Texas Intermediate

Posted by gasweek on 18 September, 2007

Two rival attempts to create a benchmark futures contracts to trade Middle East crude oil, but trading volumes in the two contracts, launched three months ago, evaporated in August and traders said they were now unlikely to recover significantly after the holiday period, reported The Australian (6/9/2007, p.28).

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Posted in Markets, Middle East, Oman, Price, UAE, Volume 2520 | Leave a Comment »