Oman Observer

Crude oil prices touch $76.64

MUSCAT: Dubai Mercantile Exchange (DME) said that Oman oil price for November delivery reached $76.64. The DME statement said that the price of Oman oil on Tuesday rose 36 cents from the price of Monday which was $76.28. The average price of Oman oil for September delivery has stabilised at $73.17, thus 44 cent lower than August delivery. Meanwhile, US crude rose 1.67 per cent to $68.67 per barrel and Brent was last at $78.59, up 1.58 per cent. Spot gold dropped 0.3 per cent to $1,191.95 an ounce as the dollar resumed its ascent amid the risk-off sentiment and looming US interest rate increases.