Oil & Gas
Oil Prices Rise Amid Middle East Tensions
Oil prices rose today amid growing concerns over a potential escalation of conflict in the Middle East, which could threaten crude supplies from this key exporting region.
Brent crude futures increased by 94 cents, or 1.27 per cent, reaching US$74.84 per barrel, while US West Texas Intermediate (WTI) crude futures gained 99 cents, or 1.41 per cent, settling at US$71.09 per barrel.
Earlier in the session, both benchmarks had surged by more than US$1 a barrel.
Meanwhile, US crude inventories saw an unexpected rise of 3.9 million barrels, reaching a total of 417 million barrels for the week ending 27 September 2024.
-
Oil & Gas1 month ago
Oman Oil Exports Exceed 135.3m Barrels by End of June 2024
-
Banking & Finance2 weeks ago
Apple Pay Officially Launched in Oman
-
Investment3 days ago
With Over RO600M in Foreign Investments, Future Fund Oman Unveils the First Batch of Investment Projects with an Overall Value of RO830M+
-
Uncategorized2 weeks ago
A Quick Guide to OQEP IPO Roadshow Dates & Locations
-
Economy2 weeks ago
Trade Exchange Between Oman & KSA Exceed RO1.014B
-
Insurance3 days ago
Liva Insurance Shines with Triple Honors at Alam Al-Iktisaad Wal Aamal Awards 2024
-
Lifestyle3 days ago
Royal Opera House Muscat Welcomes First Shows of its 2024/25 Season
-
Oil & Gas3 days ago
Oct 2, 2024: Oman Oil Price Rises By US$4.56