Oman crude rises by $4.78, hovers over $127

Oman crude rises by $4.78, hovers over $127

Muscat – Already high oil prices rose further on Wednesday following US President Joe Biden’s ban on imports of Russian crude. Oman crude contract price (for May 2022 delivery) at Dubai Mercantile Exchange (DME) on Wednesday, went up by US$4.78 to reach US$127.71 per barrel. In Wednesday trade, Brent was sitting at around US$130 per […]

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Muscat – Already high oil prices rose further on Wednesday following US President Joe Biden’s ban on imports of Russian crude. Oman crude contract price (for May 2022 delivery) at Dubai Mercantile Exchange (DME) on Wednesday, went up by US$4.78 to reach US$127.71 per barrel. In Wednesday trade, Brent was sitting at around US$130 per […]