Crude price goes up to touch $54.16

MUSCAT: Dubai Mercantile Exchange (DME) said that Oman oil price for December delivery reached $54.16.
The DME statement said that the price of Oman oil rose 22 cents from the price of Monday, which was $53.94. The average price of Oman oil for October delivery has stabilised at $50.39, thus $2.76 per barrel higher than September delivery. Brent crude inched up 2 cents to $55.81 a barrel. US crude added 5 cents to $49.63.