Muscat: The price of Oman oil rose by 89 cents to go beyond US$70, as the market continues to build on a slight upward trend this week.

The price of Oman oil for November Delivery 2021 today [September 9] touched US$70.79, which marks an increase of 89 cents from the price on Wednesday [September 8], which stood at US$69.90.

This has further leveraged the average price of Oman oil (September Delivery 2021) to stabilise at US$72.73 – which is US$1.07 per barrel higher than August Delivery 2021.