May 31 (Bloomberg) -- 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.
To contact the reporter on this story: Ramsey Al-Rikabi in Singapore at firstname.lastname@example.org
To contact the editor responsible for this story: Alexander Kwiatkowski at email@example.com