Oman Oil Price Rises 93 Cents to Reach $89.23 Per Barrel

Oman's official crude oil price recorded an increase on November 11, 2026, reaching $89.23 per barrel for January delivery. The latest figure represents a rise of 93 cents compared with the previous day's price of $88.30 per barrel. The increase marks a positive daily movement in the country's crude oil pricing. Omani oil prices remain an important indicator for the energy sector and are closely watched by market participants. The latest update highlights a change in the country's official crude benchmark.

Omani Crude Records a Daily Price Increase

The latest rise follows the previous session's lower price, bringing the official January delivery rate to $89.23 per barrel. The 93-cent increase reflects the latest movement in Oman's crude oil pricing. Daily changes in crude benchmarks are monitored by energy companies, traders and industry observers as they assess market conditions. However, the announced figure relates specifically to Omani crude scheduled for January delivery rather than a general retail fuel price.

November Monthly Average Remains at $114.07

Alongside the daily increase, the monthly average price of Omani crude oil for November delivery stood at $114.07 per barrel. This represented an increase of $26.23 compared with the average price recorded for October delivery. The monthly figure provides a broader view of price movements beyond the latest daily change. It also highlights the difference between the current January delivery quotation and the average recorded for November delivery.

Oil Prices Remain Important to Oman's Economy

Crude oil continues to play a significant role in Oman's energy industry and wider economy. Changes in oil prices are closely followed because they can influence export earnings, government revenue and broader market expectations. The latest increase brings Oman's official January delivery price to $89.23 per barrel, while the November monthly average remains at $114.07. Market participants will continue monitoring upcoming price announcements for further indications of movement in Omani crude values.