Monday, May 11, 2026

Business News

Oman crude price rises to $101 per barrel

The latest pricing reflects ongoing movements in global oil markets amid geopolitical tensions, supply concerns and fluctuating demand outlooks.

TAS News Service

info@thearabianstories.com

Monday, May 11, 2026

MUSCAT — The official price of Oman crude oil for July delivery rose to $101 per barrel on Monday, according to Oman News Agency (ONA).

The latest pricing reflects ongoing movements in global oil markets amid geopolitical tensions, supply concerns and fluctuating demand outlooks.

Oman crude is a key benchmark for Middle Eastern oil exported to Asia and is closely watched by energy traders and regional producers.

Global oil prices have remained volatile in recent months as markets monitor developments related to supply disruptions, production policies by major oil-producing countries and broader economic conditions affecting energy demand.

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