DFM oil hero image

Micro Oman Crude Oil Futures

Symbol OMOIL
Contract Size 100 barrels
Trading Hours Monday to Friday (10am to 3pm)
Leverage 5 - 10x leverage

Dubai Financial Market (DFM) launches the Micro Oman Crude Oil Futures in collabration with Dubai Mercantile Exchange (DME).

For the first time, investors have this unique opportunity to access one of the most significant asset classes in the region.

Contract specifications
Product Micro DME Oman Crude Oil Futures
Symbol OMOIL
Underlying DME Oman Crude Oil Futures
Currency USD
Contract Size 100 Barrels
Price Quotation U.S. dollars and cents per barrel
Maturity Monthly contracts for the next twelve months forward
Settlement Type Cash settled
View full contract specs
Oman Crude Oil Futures price

What are DME Oman Crude Oil Futures?

DME logo
DME Video Thumbnail

DME is the premier international energy exchange in the middle east. The exchange was established 15 years ago to create a pricing point for crude oil produced in the region and exported to Asia through its DME Oman Futures Contract.

Middle east national oil companies use the contract to price their export of crude oil, including Saudi Arabia, Kuwait, Oman, Bahrain, and Dubai, and hence the contract is pricing 5.2 million barrels per day.

18 billion barrels have been traded over the exchange and 2.5 billion barrels delivered since the launch.

Read more about DME

What are futures contracts?

Futures are derivative contracts that allow investors to utilize larger leverage, hedge their portfolio, and benefit from short selling during a downward market. It’s a legal agreement between two parties to buy or sell a set amount of an asset at an agreed-upon future date with a price that is set today.

Learn more

DME Video Thumbnail
{{video.title}} {{video.owner}}

How do futures work?

Futures contracts allow you to gain exposure and benefit from the increase and decrease in the price.

1. Buy or sell?

Micro Oman Crude Oil (OMOIL) Price Today
$110.00
What do you think will happen to the price?
I think the price will go Up
I think the price will go Down
You should BuySell oil futures.

2. What's Margin or Leverage?

Buying Oil barrel
buy
$10,000 Worth of Oil barrels
pay
$10,000 at the time of purchasing
Pay full amount
The impact of leverage: If your return is $1,000 and you bought Oil barrels and paid $10,000 your rate of return would be $1,000/$10,000 = 10%
Buying Oil Futures
buy
$10,000 Worth of Oil Futures
pay
10-15% of the value
Pay initial margin only
The impact of leverage: If your return is $1,000 and you bought Oil futures and paid $1,500 (15% of $10,000) your rate of return would be $1,000/$1,500 = 66%

3. How is the profit calculated?

Let’s imagine that per barrel oil price goes from
$110
$100
SCENARIO 1 (SELL) If you expected the price to go down and went short (sold a contract) you would have made a profit because the price went down
Original value $110 x 100 barrels = $11,000
New value $100 x 100 barrels = $10,000
Your profit is the difference in value: $1,000
SCENARIO 2 (BUY) If you expected the price to go up and went long (bought a contract) you would have made a loss
Original value $110 x 100 barrels = $11,000
New value $100 x 100 barrels = $10,000
Your loss is the difference in value: $1,000

Ready to join DFM's Futures platform?

section visual

1. Apply for investor number (NIN)

You can apply for investor number (NIN) using DFM mobile app or through official DFM website. Apply for NIN with DFM

2. Contact one of the broker members

Refer the partners below for more information such as contact details, website and email.

3. Start trading

You can trade through the channels provided by the broker such as their a mobile app, web platform, or through the phone
Reception - Mezzanine Floor
World Trade Centre (Rashid Tower)
Sheikh Zayed Road
P.O. Box: 9700
Dubai, United Arab Emirates
Makani No: 27608 91214
View Location
Telephone +971 4 305 5555
Email customerservice@dfm.ae
Office Hours 8:00AM-4:00PM / Mon-Fri
DUBAI CSD INVESTOR AFFAIRS 8:30AM-3:00PM / Mon-Thu
8:30AM-12:30PM / Fri