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Oman oil price rally gains steam, vaults past $71 a barrel
By: Times News Service
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Muscat: Oman oil price rally continued on the Dubai Mercantile Exchange (DME) on Wednesday reaching $71.38. This comprises an increase of $1.78 from the price of Tuesday, which was at $69.60.
“The average price of Oman oil (June Delivery 2021) has stabilised at $63.10, thus $1.33 per barrel lower than May Delivery 2021,” the DME said on Wednesday.
DME is the premier international energy futures and commodities exchange in the Middle East and is the premier energy-focused commodities exchange in the East of Suez and home to the world s third crude benchmark.