Oman Crude Official Selling Price Down 12% to $94.42 in August

The August official selling price for Oman oil will fall to $94.42 a barrel, based on the average of daily futures settlement prices during June on the Dubai Mercantile Exchange. That makes the medium-sulfur crude 12 percent less than July’s price of $107.68. Today’s settlement at 12:30 p.m. Dubai time was $91.81, the exchange said.

To contact the reporter on this story: Ramsey Al-Rikabi in Singapore at ralrikabi@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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