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Oman News

Oman crude oil dips below $20 a barrel

TAS News Service

info@thearabianstories.com

Monday, April 27, 2020

MUSCAT: Oman crude oil prices dropped below $20 a barrel on Monday and reached $19.45, according to a data form Dubai Mercantile Exchange (DME) said.

Meanwhile, in energy markets, benchmark U.S. crude for June CL delivery lost 99 cents to $15.95 per barrel in electronic trading on the New York Mercantile Exchange.

The contract rose 2.7% on Friday to settle at $16.94. Brent crude, used to price international oils, declined 17 cents to $24.64 per barrel in London. It added 0.5% the previous session to $21.44 per barrel.

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