Oil prices tumbled more than $3 a barrel today amid geopolitical tensions in the Middle East. Both Brent and US West Texas Intermediate crude futures hit their lowest levels since 1 October 2024 at the open. Brent was at $72.88 a barrel, down $3.17, or 4.2%, while WTI slipped $3.13, or 4.4%, to $68.65 a barrel. The benchmarks gained 4% last week in volatile trade amid rising geopolitical tensions. Source: Oman News Agency
Related Articles
Oman and Belarus Explore Industrial and Investment Collaboration
Minsk: The Sultanate of Oman and the Republic of Belarus engaged in discussions to enhance cooperation in industry and investment sectors. This initiative aims to strengthen economic partnerships and expand industrial collaboration between the two nat…
Dollar Hits 7-Week High After Interest Rate Hike
Muscat: The dollar held at a seven-week high today after the Federal Reserve raised interest rates and signaled further hikes, while investors await decisions from the Bank of England (BoE) later today and the Bank of Japan tomorrow Friday.
Accordin…
Oman Oil Price Rises 14 Cents
Muscat: Oman oil price for August delivery 2025 has increased to 68.61 US Dollars, marking a rise of 14 cents compared to last Friday’s price of 68.47 US Dollars.
According to Oman News Agency, the average price of Oman oil for June delivery 2025 has…