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Oman’s oil ticks up to $65.01, but monthly average dips over $5

The official price of Oman crude oil for July delivery climbed to $65.01, marking a modest increase of 66 cents from Monday’s rate.

TAS News Service

info@thearabianstories.com

Tuesday, May 20, 2025

MUSCAT : Oman’s oil prices showed a slight rebound as the official price for July delivery reached $65.01 on Tuesday, up from $64.35 recorded the previous day.

Despite this short-term increase, the overall monthly average tells a different story. The average price of Omani crude for May delivery stood at $72.51 per barrel, reflecting a significant drop of $5.12 compared to the April delivery rate.

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