Oman crude price rises 1.6%

Oman crude price rose by 1.6 per cent on Monday at the Dubai Mercantile Exchange (DME). The price of Oman crude reached to US$47.78 per barrel on Monday compared with Friday’s closing price at US$47.01 per barrel.

According to a DME statement, the average price of Oman crude (August delivery) has stabilised at US$46.52 per barrel, which is US$4.03 per barrel lower compared with average price for July delivery.