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Changes to Dubai Crude: April 15

Effective April 15, Dubai Crude 1st line (Platts) futures will transition to the ICE Futures Europe Commodities Market Data group.

This change aims to provide broader market participation, greater transparency and price discovery for what has come to be regarded as the Asian crude benchmark.

Dubai Crude 1st Line Contracts

ProductHub<strong>PCC</strong>
Dubai 1st Line (Platts) FutureDubai 1st LineDBI
Dubai 1st Line (Platts) Average Price OptionN/ADBI
Dubai 1st Line (Platts) Future SpreadN/ADBI Spr
Dubai 1st Line (Platts) Future TAP MOCDubai 1st LineDBI TAPS
Dubai 1st Line (Platts) Mini FutureDubai 1st Line MiniDBM
Dubai 1st Line (Platts) Balmo FutureDubai 1st Line BalmoDBJ
Dubai 1st Line (Platts) Balmo Mini FutureDubai 1st Line MiniDBK
Brent Futures/Dubai 1st Line (Platts) Spread (B/DBI)

Interproduct Spreads

N/A
WTI Futures/Dubai 1st Line (Platts) Spread (T/DBI)

Interproduct Spreads

N/A
Permian WTI Futures/Dubai 1st Line (Platts) Spread (HOU/DBI)

Interproduct Spreads

N/A

The Dubai Crude futures will have a separate permission group and independent clearing limits. A new clearing account is not required as part of this change and all existing broker permissions will be replicated.

The following changes aim to ensure an efficient transition:

  • Any current 'OIL' market level of access will be applied to the newly formed Dubai Crude futures group
  • Changes to clearing limit buckets include:
    • Dubai futures under ‘OIL’ will be moved from Crude Outrights to Dubai Crude
    • Dubai options within O-Crude Outrights will be moved to O-Dubai Crude
  • ICE will automatically list contracts within their new clearing limit buckets as of March 11, enabling firms to edit the limits before they take effect on April 15.

Please contact your ICE representative to trade Dubai Crude futures.

Frequently asked questions