Oman Oil Official Selling Price Rises to $107.88 for February

Oman crude will sell for $107.88 a barrel in February, according to the average of daily futures settlement prices this month on the Dubai Mercantile Exchange. That’s up $1.91, or 1.8 percent, from January’s $105.97.

The February contract settled at $108.58 at 12:30 p.m. Dubai time today. Oman crude’s official selling price has been pegged to the monthly average on the DME since June 2007.

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

To contact the editor responsible for this story: Yee Kai Pin at kyee13@bloomberg.net

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