Oman Crude oil price breaches $70 mark
April 19, 2018 | 12:36 PM
by Times News Service
Image used for illustrative purpose. Photo: File

Muscat: The price of Omani oil has crossed $70 per barrel for the first time in three years.

According to the Dubai Mercantile Exchange (DME), the price of oil for Oman's June 2018 delivery rose to $70.83 per barrel compared to $68.89 the day before. The recorded rise was 1.94 dollars in a single day, leading to the largest price per barrel since the recent oil glut began in 2015.

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