Crude prices up as demand grows
Published: 10:08 PM,Aug 28,2018 | EDITED : 06:05 PM,May 05,2024
MUSCAT: Dubai Mercantile Exchange (DME) said that Oman oil price for October delivery reached $75.20. The DME statement said that the price of Oman oil on Tuesday rose 74 cents from the price of Monday, which was $74.46. The average price of Oman oil for September delivery has stabilised at $73.17, thus 44 cents per barrel lower than August delivery 2018. Brent crude oil rose towards its highest price since early July on Tuesday, thanks to evidence of still-modest increases in output from Opec and stronger Chinese refinery demand.