Mubasher: The price of Oman crude oil futures for December delivery increased by 27 cents, and reached $48.34 per barrel on Thursday, according to the Dubai Mercantile Exchange (DME).
Prices for November delivery declined 10 cents compared to October prices, and registered $43.92 per barrel.
Oil prices went up in global markets, after it was reported that US crude oil and gasoline inventories declined last week, which rose the confidence in OPEC’s ability to cut output by the end of November.
