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Oman oil crude rallies to break $55 mark

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Muscat: Dubai Mercantile Exchange (DME) said that Oman oil price (March Delivery 2020) reached 55.72 US Dollars. The DME statement said that the price of Oman oil on Tuesday rose 48 cents from the price of yesterday (Monday), which was 55.24 US Dollars. The average price of Oman oil (January Delivery 2021) has stabilised at 43.83 US Dollars, thus 2.72 US Dollars per barrel higher than December 2020. --ONA