Oman oil price falls by $1.18

Muscat: Dubai Mercantile Exchange (DME) said that Oman oil price (March Delivery 2020) reached US$54.20.

The DME statement said that the price of Oman oil on Monday declined US$1.18 cents from the price of Friday, which was at US$55.38.

The average price of Oman oil (February Delivery 2021) has stabilised at US$50, thus US$6.17 per barrel higher than January 2021.