Oman oil price rises $1.18 to reach $70.89 per barrel
The monthly average price of Omani crude oil for July delivery reached $63.62 per barrel, a decrease of $4.25 compared to the price for June delivery.
Meanwhile, international oil prices retreated on Tuesday, having climbed almost 2% in the previous session, as investors assessed the latest developments on US tariffs and a higher than expected increase to Opec+ output for August.
Brent crude futures fell 12 cents, or about 0.2%, to $69.54 a barrel by 1043 GMT. US West Texas Intermediate crude lost 25 cents, or about 0.4%, to $67.79. — Agencies
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