Wednesday, November 13, 2024 | Jumada al-ula 10, 1446 H
few clouds
weather
OMAN
25°C / 25°C
EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Oman crude closes at $77 on Friday

oman oil
oman oil
minus
plus

Oman's crude was traded at $77.4  for July delivery on Friday.


The Dubai Mercantile Exchange (DME) reported that the price of Oman's oil was up 36 cents against the Thursday's price of $76.68


It should be noted that the average price of Omani oil for delivery in June was $68.31 per barrel, up by $7.90 compared to the delivery price for the month of May.


Brent oil prices rose on Friday and were set for a sixth straight week of gains, boosted by strong demand, looming sanctions on Iran, plummeting Venezuelan production and Nigerian disruptions, as Saudi Arabia moved to assuage supply concerns.


Brent crude futures LCOc1 were at $79.69 a barrel at, up 39 cents. The international benchmark broke through $80 for the first time since November 2014 on Thursday.


SHARE ARTICLE
arrow up
home icon