Mubasher: The price of Oman oil for April delivery increased by 2 cents per barrel, according to the Dubai Mercantile Exchange (DME).

Omani crude oil reached $55.16 per barrel (pb) on Friday, compared to $55.14 pb on Thursday.

It is worth noting that prices for March delivery went up by $1.21 to $53.93 pb compared to the levels of February.