MUSCAT: On Monday, the official price of Omani oil for next May delivery reached $85.69 per barrel. The price of Oman oil witnessed an increase of 92 cents compared to last Friday’s price of $84.77 .
The monthly average price of Omani crude oil for delivery this March amounted to $78.75 per barrel, an increase of $1.54 per barrel compared to the price for delivery last February.
Meanwhile, oil benchmark Brent hovered just under the $86 a barrel mark on Monday, extending last week's gains, as Ukraine increased its attacks on Russian energy infrastructure.
Brent crude oil futures for May delivery were up 62 cents, or 0.7%, at $85.96 a barrel by 1019 GMT.
The April contract for US West Texas Intermediate (WTI) crude was up 70 cents, or 0.9%, at $81.74, in slow trade with the contract set to expire in the coming days. The more active May delivery contract traded up 71 cents, or 0.9%, at $81.29. — ONA
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