ICE Dubai 1st Line Futures

A cash-settled monthly futures contract based on the Platts daily assessment price for Dubai Crude.

ICE Dubai 1st Line Futures (contract symbol: DBI) are listed on ICE Futures Europe. They are monthly futures contracts that settle in cash, based on the Platts daily assessment price for Dubai Crude. This gives market participants a way to manage exposure to Dubai Crude prices without having to take physical delivery.

Each contract is for 1,000 barrels and is priced in US dollars and cents. Final settlement uses the average of the mean of the high and low quotations published in Platts Crude Oil Marketwire for the Dubai prompt month. Payment is made two Clearing House Business Days after the Last Trading Day.

Up to 60 consecutive contract months are listed. Trading runs almost 22 hours a day, from 8:00 AM to 6:00 AM Singapore time, so traders across Asia, Europe and the Americas can take part during their own business hours.

Key Benefits

• Benchmark-Linked Pricing
  • Final settlement is based on Platts Crude Oil Marketwire quotations for Dubai Crude, so the contract settles against a published, independent price assessment.
     
• Reliable Cash Settlement
  • Contracts are settled in cash and never physically delivered, which removes the logistics of handling physical crude oil.
     
• Extended Trading Hours
  • Trading runs from 8:00 AM to 6:00 AM Singapore time, so market participants can respond to price moves across global time zones.
     
• Long-Dated Contract Series
  • Up to 60 consecutive months are listed, so positions can be managed across both short-term and longer-term horizons.
     
• Precise Pricing Increments
  • The minimum price fluctuation is one tenth of one cent ($0.001) per barrel on a 1,000-barrel contract, allowing finely priced entries and exits.
     

Contract Specifications

Source: ICE

This advertisement has not been reviewed by the Monetary Authority of Singapore.
 

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