Friday, March 29, 2024 | Ramadan 18, 1445 H
clear sky
weather
OMAN
25°C / 25°C
EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Crude prices still rising to hit $50

minus
plus

MUSCAT: The price of Oman crude oil for August delivery has reached $45.37. The Dubai Mercantile Exchange (DME) said that the Omani crude has risen by 19 cents compared with Tuesday’s price which was $45.18. The average price of Oman crude for July delivery settled at $50.55 down by $2.27 compared with June delivery. Meanwhile, world oil prices edged lower towards $47 a barrel after an industry report said US inventories increased, reviving concerns that a three-year supply glut is far from over.


SHARE ARTICLE
arrow up
home icon