Mubasher: The price for Oman oil futures for May delivery declined by 38 cents per barrel (pb) on Wednesday, as per the data of the Dubai Mercantile Exchange (DME).

The data showed that Omani crude prices decreased to $54.39 pb compared to $55.77 pb on Tuesday.

It is worth noting that prices for June delivery decreased by $0.39 to $54.53 pb on Wednsday down from $54.92 pb on yesterday’s trade.