CRUDE PRICE AT $91 A BARREL

Oman oil price for January delivery on Monday stood at $91, stabilising on the price of last on Friday. The average price of Oman oil for November delivery has stabilised at $90.80 per barrel, thus $6.20 per barrel lower than October delivery. The firming dollar also dragged down world oil prices, despite the hopes of a demand boost from China’s hints at reopening. Brent crude futures were down 74 cents, or 0.75 per cent, to $95.42 a barrel after settling up 1.1 per cent on Friday.