Economy: Price of Oman oil rises 60 cents on the US dollar

Merge 104.8  |  20 May 2020

As of Tuesday, May 19, the Dubai Mercantile Exchange (DME) has pegged the price of Oman oil  (July Delivery 2020) at 36.06 US Dollars, Oman News Agency (ONA) reports.

Photo credit: ONA

The DME statement said that the price of Oman oil saw an upswing of 60 cents on the dollar from the Monday, May 18th price of 35.46 US Dollars.

The average price of Oman oil (June Delivery 2020) has stabilized at 23.65 US Dollars — 11.19 US Dollars per barrel lower than May Delivery 2020.

Source: ONA

(Also read: Oman’s three-to-five-star hotel revenue falls by 6.3 per cent.)