CME NYMEX: DCB DUBAI Crude Oil Platts Financial Futures prices charts

DUBAI Crude Oil Platts Financial Futures, CME NYMEX: DCB
Platts Dubai refers to the physical price of Dubai crude oil loading through the month of assessment. Alternative crude’s Oman and Abu Dhabi’s Upper Zakum are also deliverable into the Platts Dubai contract, under a mechanism known as alternative delivery.

The Dubai price is the primary physical market pricing reference for crude oil delivered to Asian refineries from the Middle East Gulf, and has been since the 1980s. Brent and Dubai are the most widely used benchmarks worldwide for physical crude oil price, are closely correlated.

SPEC: Contract Unit - 1,000 barrels. Price Quotation - U.S. dollars and cents per barrel. Minimum Price Fluctuation - 0.001 per barrel = $1.00. Settlement Method - Financially Settled.