Oman crude oil records highest price since recent oil glut

Energy Monday 24/September/2018 12:52 PM
By: Times News Service
Oman crude oil records highest price since recent oil glut

Muscat: The price of Omani crude oil (futures) reached a new high on Monday, crossing $80 per barrel for the first time in four years.
According to the Dubai Mercantile Exchange (DME), the price of oil for Oman’s November 2018 delivery rose to $80.02 per barrel, compared to $78.04 the day before.
The recorded rise was 1.98$ in a single day, leading to the largest price per barrel since the recent oil glut began in 2015.