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REPORT: Oman Crude Oil Prices Hit 12-Month High At US$64.88

Muscat: The price of Oman oil has exceeded the US$64 mark per barrel after a 12-month gap, the Dubai Mercantile Exchange (DME) has revealed.
Clocking in at US$64.88, DME revealed that the price increase for delivery next April was a US$1.55 increase from the previous day’s [Wednesday, 24th February] trading price.
A statement issued by the Oman News Agency read: “The official price of Oman oil on Dubai Mercantile Exchange (DME), for delivery next April reached 64.88 US dollars today.”
The average price of Oman oil (March Delivery 2021) has stabilized at 54.78 US Dollars, thus 4.79 US Dollars per barrel higher than February Delivery 2021.
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