Mubasher: The price of Oman oil futures for May delivery increased by 51 cents per barrel, according to data by the Dubai Mercantile Exchange (DME).

Data showed that Omani crude oil registered $50.93 per barrel (pb) on Tuesday, compared to $50.42 pb on Monday.

It is worth noting that prices for April delivery went up $1.19 to $55.12 pb, compared to the prices of March.