Abu Dhabi National Oil Company rang the opening bell at the New York Stock Exchange to celebrate the launch on Monday of crude futures contracts tracking the UAE's flagship Murban grade.
Murban joins the ranks of Brent, the most widely-traded oil benchmark, and US gauge West Texas Intermediate in pricing and trading oil.
Jeffrey Sprecher, chairman of ICE, and Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, Adnoc managing director and group chief executive, rang the opening bell in an online ceremony to mark the occasion.
"We believe on its very first day Murban will become a globally recognised benchmark," Mr Sprecher said in a video message earlier on Monday.
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