Oman oil price declines by 83 cents

Muscat: Dubai Mercantile Exchange (DME) said that Oman oil price (February Delivery 2020) on Monday reached US$50.40.

The DME statement said that the price of Oman oil declined by 83 cents from the price of last Friday, which was US$51.23.

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.