Brent crude price exceeds $118

Muscat: Brent crude price has exceeded $118 per barrel for the first time since 2013.

"Today, oil prices continue to rise to their highest levels for the first time since 2013, after the price of "Brent" exceeded 118 dollars per barrel, "Oman News Agency (ONA), said in a statement.
 
ONA added that US West Texas Intermediate crude futures rose 3.37 percent to $114.33 a barrel, while Brent crude futures rose 3.5 percent to $116.88 a barrel.