𝐎𝐦𝐚𝐧 𝐂𝐫𝐮𝐝𝐞 𝐑𝐢𝐬𝐞𝐬 $𝟑.𝟑𝟓

Oman’s official crude oil benchmark recorded another increase on 20 October 2026, rising US$3.35 to US$110.18 per barrel for December delivery, compared with US$106.83 the previous day. The monthly average price of Omani crude for October delivery stood at US$87.84 per barrel, up US$11.48 from the average for September delivery. The rise comes amid heightened uncertainty across global energy markets, with concerns over regional security, shipping risks and potential disruptions to energy infrastructure influencing crude prices. For Oman, oil-price movements remain important to fiscal planning, export revenues and the wider economic outlook. However, daily benchmark prices can fluctuate as market conditions evolve, making it important to distinguish spot movements from monthly averages and actual realised export prices. The latest increase highlights the continuing significance of the energy sector to Oman’s economy and the close link between regional developments and global oil-market sentiment.