​Oman crude oil price hits new highs in succession

Energy Tuesday 25/September/2018 12:58 PM
By: Times News Service
​Oman crude oil price hits new highs in succession

Muscat: The price of Omani crude oil (futures) reached a new high on Tuesday, crossing $82 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 $82.53 per barrel, compared to $80.02 the day before. The recorded rise was $2.51 in a single day, leading to the largest price per barrel since 2015.

The average price of Oman crude oil due for delivery in September is $73.17 per barrel, down by 44 cents compared to August.