Oil prices in the Sultanate have risen by US$3.5 per barrel to peak at US$115.6 per barrel as per a statement revealed by the Oman News Agency.

The prices have been determined for August 2022 delivery and were pegged higher than the US$112.1 per barrel that crude oil traded last Friday.

This brings the average price of Oman oil for June 2022 delivery to a stable US$102.40 per barrel, which is still US$8.56 per barrel lower than the May 2022 delivery.