Oman oil price hits $93.82 per barrel

Muscat: Oman oil marker price for November delivery 2023 on Wednesday reached $93.82, rising by $1.51 from the price of Tuesday, which stood at $92.31.

“The average price of Oman oil (September delivery 2023) stabilised at $80.54 per barrel, $5.76 per barrel higher than August delivery 2023,” the DME said.

Higher oil prices could be beneficial for Oman and Gulf Cooperation Council states.