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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Oman's crude drops below $100

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Muscat - The price of Oman crude for June delivery on Monday reached $97.51

The price of Oman oil today witnessed a decrease of $4. 40 compared to last Friday's price of $101. 91.

It is worth noting that the monthly average price of Omani crude oil for April delivery was US$68.15 per barrel, up US$5.98 compared to the price of last March delivery.

Global crude

Oil prices jumped, and stock futures ​fell on Monday as rising tensions in ​the Middle East kept shipping in and out of the Gulf to a minimum, though traders held out hope for a resolution and Asia's equity markets breezed toward record highs.

Brent crude futures rose about 6% to $95.36 a barrel. S&P 500 futures fell around 0.6%, and European futures fell 1.2%. But equity benchmarks in Seoul, Taipei, and Tokyo shrugged off risks to advance, with Taiwan's shares touching a record high and the other two not far behind.


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