The official selling price for Oman crude during July will be $100.43 a barrel, based on the average of daily futures settlement prices this month on the Dubai Mercantile Exchange. That sets the medium-sulfur crude 1.4 percent lower than June’s price of $101.81.
Today’s settlement at 12:30 p.m. Dubai time was $98.97 a barrel, the exchange said. Oman has set its OSP as the monthly average of DME daily settlement prices since June 2007, according to the exchange’s website.
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