Muscat: The official price of Omani oil for delivery in November today reached $68.11 per barrel.
According to Qatar News Agency, the price of Omani oil decreased by $1.11 compared to last Friday's price of $69.22. The recent change in price reflects the fluctuating dynamics of the global oil market affecting regional oil producers.
It's worth noting that the monthly average price of Omani crude oil for September delivery reached $71.20 per barrel, which was up by $1.83 compared to August delivery. This increase in the average price for September indicates a period of higher demand or constrained supply during that month.