Oman oil price declines by 5 cents

Muscat: Dubai Mercantile Exchange (DME) said that Oman oil price (February Delivery 2020) reached US$48.57.

The DME statement said that the price of Oman oil on Tuesday declined by 5 cents, from the price of Monday, which was at US$48.62.

The average price of Oman oil (December Delivery 2020) has stabilised at US$41.11, thus 49 cents per barrel lower than November Delivery 2020.