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DME experiences October rising

06 Nov 2007

Dubai Mercantile Exchange (DME) saw record volumes in its Oman Crude oil futures last month as well as seeing record open interest levels and...

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“One of our key predictions for 2011 was that geopolitical tensions will simmer more vigorously this year, particularly in the context of a market in which incremental non-Opec volumes are becoming more difficult to bring on stream and in which Opec spare capacity gets more noticeably stretched.”

BarCap's 2011 oil outlook looks increasingly accurate.