Dubai Mercantile Exchange hosted its latest auction on Thursday, on behalf of Oman’s Ministry of Oil and Gas (MOG) 

The 2-million barrel cargo of December-loading Oman Blend crude was awarded at a premium of $0.07 per barrel over the November Official Selling Price (OSP). The Oman OSP is calculated on a volume-weighted average of daily DME Marker Prices over the month.

21 companies logged into the auction and registered 17 bids  

Oman crude for December loading was trading Thursday on the DME at around $54.60/b.