Prices of Omani crude oil has jumped past the US$110 mark today [March 21] after an increase of US$3.71 was marked from the price of oil last Friday.

This jump to US$110.36 per barrel of oil corresponds to Omani oil for May 2022 delivery. Prices of Omani oil last Friday was pegged at US$106.65 per barrel.

This also stabilises the average price of Oman oil for March 2022 delivery at US$86.62 per barrel, which is US$10.48 per barrel higher than the February 2022 delivery.