MUSCAT: Dubai Mercantile Exchange (DME) said that Oman oil price for June delivery reached $68.11. The DME statement said that the price of Oman oil on Monday declined 97 cents from the price of last Friday, which was $69.08. The average price of Oman oil for May delivery has stabilised at $63.31, thus 30 cents per barrel higher than April delivery. Meanwhile, Brent crude fell more than 1 per cent to $71.78 a barrel, with a rise in US drilling for new production also dragging on prices.
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