April 14, 2025

Oil Prices Down Due to Forecast of Weak Global Economic Growth

Muscat: Oil prices today declined due to concerns the escalating trade war between the United States and China would weaken global economic growth and undermine fuel demand. Brent crude futures were down 29 cents, or 0.45%, at $64.47 a barrel.

Gold Prices Ease from Record Highs

Muscat: Gold prices today retreated from a record high hit earlier in the session as trade tensions eased after US President Donald Trump exempted smartphones and computers from reciprocal US tariffs. Spot gold was down 0.1% at $3,232.45 an ounce.

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