Oman oil price rises by $2.98

Muscat: Dubai Mercantile Exchange (DME) said that Oman oil price (February Delivery 2020) reached US$53.52.

The DME statement said that the price of Oman oil on Wednesday rose by US$2.98 from the price of Tuesday, which was at US$50.54.

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