Oman crude rallies to break $70 mark

Muscat: Dubai Mercantile Exchange (DME) said that Oman oil price (June Delivery 2019) on Thursday reached 70.77 US Dollars.

The DME statement said that the price of Oman oil on Thursday rose 48 cents from the price of “Wednesday,” which was 70.29 US Dollars.

The average price of Oman oil (April Delivery 2019) has stabilised at 64.48 US Dollars, thus 5.12 US Dollars per barrel higher than March Delivery 2019.  –ONA