Crude oil prices rise to cross $76

MUSCAT: Dubai Mercantile Exchange (DME) said that Oman oil price for November delivery reached $76.28. The DME statement said that the price of Oman oil on Monday rose $1.02 from the price of last Friday, which was $75.26. The average price of Oman oil for September delivery has stabilised at $73.17, thus 44 cents per barrel lower than August delivery. Meanwhile, US crude futures were up 44 cents at $68.20 per barrel and Brent crude futures added 52 cents to $77.35 a barrel.