Mubasher: The price of Oman oil for March delivery decreased by 97 cents per barrel, according to the Dubai Mercantile Exchange (DME).
Omani crude reached $53.43 per barrel (pb) on Sunday, compared to $54.44 pb on Friday.
Prices for April delivery also declined by 97 cents to $53.70 pb from $54.67 pb, while the last prices for February delivery registered $54.24 pb.