Dubai – Mubasher: The Department of Oil Affairs of the Government of Dubai said on Tuesday that the emirate cut the price difference for April crude oil delivery by $0.9 compared to prices of long-term contracts for Omani crude oil.

Crude oil traded on the Dubai Mercantile Exchange (DME) on Monday, January 26, 2015 for March delivery at $45.45 per barrel.

Today, oil is trading globally at $44.98 per barrel, registering a 0.38% decline.

Photo Credit: Arabianeye-Reuters