Price of Oman oil decreases

Muscat: The Dubai Mercantile Exchange (DME) on Wednesday said that Oman oil price for February delivery reached 49.77 US Dollars (USD).

The DME statement said that the price of Oman oil today declined 13 cents from the price on Tuesday, which was 49.90 USD.

The average price of Oman oil for delivery in January 2021 has stabilised at 43.83 USD, which is 2.72 USD per barrel higher than the price for delivery in December 2020.