Muscat: The official price of Oman crude oil for June delivery rose to $101.91 per barrel on Friday, according to data released in Muscat. This increase marks a gain of 66 cents compared to Thursday's price of $101.25, continuing an upward trend in recent trading.
According to Qatar News Agency, figures also showed that the average monthly price of Omani crude for April delivery stood at $68.15 per barrel. This represents an increase of $5.98 compared to the March delivery average, reflecting stronger market conditions.
Oman crude is considered an important benchmark for oil exports from the Middle East to Asia, and its pricing is closely watched by energy markets worldwide.