Crude prices at $76.25 a barrel

Dubai Mercantile Exchange (DME) said that Oman oil price for November delivery reached $76.25. The DME statement said that the price of Oman oil on Wednesday fell by $1.04 from the price of Tuesday, which was $77.29. The average price of Oman oil for September delivery has stabilised at $73.17, thus 44 cents per barrel lower than August delivery. Brent crude futures were down 0.2 per cent at $78.03 per barrel after brushing a three-month peak of $79.72 on Tuesday. US crude futures were down 0.6 per cent at $69.46 per barrel.