The Global Board of Trade will introduce its own version of cash-settled futures on U.S. light crude oil on September 8, Reuters reports. The Mauritius commodities and currency exchange will initially offer near- and middle-month expiry futures contracts and may launch other maturities subsequently. The contract will act as a risk mitigation tool for companies dealing in oil and oil derivatives. The contract size will be 250 barrels. The contracts will be suitable for large oil corporations as well as small and medium organizations.
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