Oman oil price rises by 66 cents

Muscat: Dubai Mercantile Exchange (DME) said that Oman oil price (February Delivery 2020) on Wednesday reached US$50.96.

The DME statement said that the price of Oman oil on Wednesday rose by 66 cents from the price of Tuesday, which was US$50.30.

The average price of Oman oil (January Delivery 2021) has stabilised at US$43.83, thus US$2.72 per barrel higher than December Delivery 2020.