Muscat: Oman oil price for September delivery has reached $65.28, a hike of $1.50, according to the Dubai Mercantile Exchange (DME).

In a statement, the DME said that the price of oil rose by $1.50 on Wednesday from Tuesday’s price which was $63.78.

The average price of Omani oil for August delivery stabilised at $61.72, which is $8.27 (per barrel) lower than the July delivery price.