Oman crude touches $76 mark

The Oman crude for the July delivery was traded for $76.68  on Thursday in the Dubai Mercantile Exchange, an increase of $ 1.63 from the previous day.  

Brent crude oil on Thursday topped $80 a barrel for the first time since November 2014, as the market grew concerned that the Trump administration’s effort to sanction Iran’s crude exports could be more successful than originally thought.

Brent, the international benchmark for oil prices, hit a session high of $80.18 a barrel on Thursday, its strongest level since November 24, 2014.