Muscat: The official price of Oman crude oil for May delivery was set at USD 109.55 per barrel on Wednesday. This marks a significant decrease in price from the previous day's rate.
According to Qatar News Agency, the price of Oman crude recorded a decrease of USD 30.09 compared to Tuesday's price of USD 139.64 per barrel. This sharp decline comes amidst fluctuating global oil markets.
The monthly average price of Oman crude oil for March delivery was USD 62.17 per barrel. This represented a modest increase of 8 cents compared to the February delivery price, reflecting slight variations in pricing trends over the months.