Mubasher: Data released by the Dubai Mercantile Exchange (DME) showed an increase in the price per barrel of Oman oil (for April delivery).
The oil added 50 cents and closed at $55.91 pb on Friday, up from its close at $55.41 pb on Thursday.
Worth noting, Omani oil for February delivery grew by around $8.18 pb to $52.72 pb, compared to that for January delivery.
On a weekly basis, oil prices in general gained, registering their fastest pace in a week, following a positive US jobs report and despite Baker Hughes Oilfield Services report which showed an increase in the number of US oil and gas rigs.
On Friday, the US Department of Labour said that the US economy added 227,000 jobs in January, surpassing estimates of 175,000 new jobs. The economy also added 157,000 jobs in December 2016, the report added.
Baker Hughes Oilfield Services on Friday reported that oil and gas rigs in the US rose by around 17 rigs during the week ended 27 January.
In its 30 November 2016 meeting, members from the Organisation of Petroleum Exporting Countries (OPEC) agreed to trim production starting January 2017 in an attempt to raise oil prices.
The deal is said to see output reduced by around 1.8 million barrels per day.
