Oman crude up at $64.20

MUSCAT: Dubai Mercantile Exchange (DME) said that Oman oil price for September delivery reached $64.20. The DME statement said that the price of Oman oil rose $1.30 from the price of Tuesday, which was $62.90. The average price of Oman oil for August delivery has stabilised at $61.72, thus $8.27 per barrel lower than July delivery. Meanwhile, US crude rose 1.1 per cent to $57.38 per barrel and Brent was last at $64.23, up 0.63 per cent on the day.