The Oman crude was traded for $125.16 per barrel on Monday, an increase of $16.29 per barrel from Friday. This is the highest price since the summer of 2008. The budget for 2022 is based on an oil price per barrel as compared to USD 45/bbl in the tenth five-year plan. The average price of oil for 2021 was $61per barrel while the budget was based $45 per barrel.
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