Muscat: The Oman Crude traded for $99. 61 on Friday for the October delivery, an increase of $4.70 from Thursday.
The average monthly price of Oman Crude for September 2026 delivery has been $76.36.
The total estimated revenues for the Sultanate of Oman's General State Budget for 2026, calculated based on an average oil price of $60 Dollars per barrel, amounted to approximately RO 11.447 billion. This reflected an increase of 2.4 percent over the approved revenues for 2025.
Oil prices steadied on Friday but were on track for a second weekly rise on concern over Gulf energy exports. Oil hit a more than three-week high on Thursday after the sanctions threat, intended to force Iran to agree an end to a conflict that has stranded millions of barrels of Middle Eastern oil.
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