Oman crude price for August rises

MUSCAT: The price of Oman crude oil for August delivery has reached $45.18. The Dubai Mercantile Exchange said that the Omani crude has risen by 51 cents compared with Monday’s price which was $44.67. The average price of Oman’s crude for July delivery stood at $50.55 down by $2.27 compared with June delivery. Meanwhile, the dollar weakness helped boost crude futures prices. US crude rose to $44.34 per barrel.