Final settlement price of Middle East Crude Oil for May 2008 contract is 78,420 yen.
On the last trading day, trading for May contract is only settled by offsetting current positions by resale or repurchase based on this final settlement price.
Please also note that on the last trading day, only market orders are accepted.
The final settlement price is calculated as follows.
1. Monthly average of Dubai and Oman Crude Oil: 119.647 ($/bbl)
2. Monthly average currency exchange rate: 104.21 (JPY/$)
(Monthly Average of Dubai + Monthly Average of Oman) /2 * (Monthly Average Exchange Rate / 0.1590 )
= 119.647 * 104.21 / 0.1590
Resulting figure is rounded to the tens place.
Final Settlement Price: 78,420 yen