Oman crude price surges to $94.47 per barrel

MUSCAT: The official price of Oman Crude for May 2026 delivery settled on Thursday at $94.47 per barrel, registering a sharp increase of $8.54 compared to the previous day’s closing price of $85.93.

The significant jump reflects heightened volatility in global oil markets amid ongoing geopolitical tensions and concerns over potential disruptions to energy supplies in the region. Analysts say such movements indicate strong market reactions to developments affecting shipping routes and production outlooks in the Middle East.