Dubai oil price for October down

The Department of Oil Affairs in the Government of Dubai announced on Thursday that it had notified its customers of the official price of Dubai crude oil, which will be delivered in October, at $0.20 less per barrel than the average daily settlement price of the DME Oman Crude Oil Financial Contract in Dubai Mercantile Exchange contracts traded during the next month. The official monthly price of Dubai crude oil — with the transition to the pricing futures contracts — is determined in advance, for a differential price is placed before three months, “M-3”, while the official final monthly price is determined at the end of the second month, “M-2 “.