Mubasher: The price of Oman oil futures for May delivery increased by 38 cents per barrel, according to the data of the Dubai Mercantile Exchange (DME).

Data showed that Omani crude oil registered $50.76 per barrel (pb) on Wednesday, compared to $49.89 pb on Tuesday.

It is worth noting that prices for June delivery grew by 94 cents to $50.86 up from to $49.92 pb.