Leaver says Oman crude will be bigger than Brent

15 Feb 2010

Thomas Leaver, chief executive of the Dubai Mercantile Exchange, has said that the exchange’s Oman crude oil contract will ultimately be larger than Brent and WTI. He said the contract was “moving on an upward trend” which, at some point, will take the shape...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.

Leaver says Oman crude will be bigger than Brent

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