Muscat: US crude inventories in the Strategic Petroleum Reserve fell by 5.1 million barrels, according to Energy Department data, dropping to their lowest level since 1983 as pressure mounts on the country’s emergency stockpile amid volatile energy ma…
Muscat: Gold prices rose today as oil prices eased amid signs of diplomatic efforts to cool tensions in the Middle East, with markets weighing mediation reports against fresh exchanges of attacks. Spot gold climbed 0.5 percent to $4,023.56 per ounce, …
Muscat: The dollar held near its highest level in a week today as markets weighed conflicting signals from the Middle East, where ongoing hostilities reignited energy supply fears while reports of US-Iran mediation efforts revived hopes of de-escalati…