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Commodities

Oman Crude Price Drops Sharply to $112.41 per Barrel

Guavy AI Editorial Team
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Oil
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The official price of Oman crude oil for November delivery has dropped significantly, settling at $112.41 per barrel. This marks a decrease of $6.57 compared to Friday's price of $118.98.

This downward adjustment follows a period of higher valuations, though the broader monthly averages show varying trends. Data indicates that the average monthly price for Oman crude scheduled for September delivery stood at $76.36 per barrel, which was down by $2.73 compared to the August delivery price.

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