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Dubai crude pricing down $0.70 against Oman crude

Dubai crude pricing down $0.70 against Oman crude
Photo Credit: Arabianeye-Reuters

 

United Arab Emirates – Mubasher: Dubai’s Department of Petroleum Affairs has said that the price difference for crude oil deliveries for May has been cut by $0.70 per barrel compared to the price of Omani crude oil.

The Department of Petroleum Affairs had previously set the price for April crude oil at $0.90 per barrel less that of its Omani counterpart.

According to data from the Oman’s Ministry of Oil, the daily trading price rate for Omani crude oil on the Dubai Mercantile Exchange (DME) as February 24, 2015 reached $55.48 per barrel for April delivery.