Muscat: Oil prices extended gains today, with Brent headed for a record monthly rise, amid escalating military tensions in the Middle East. Brent crude futures jumped $2.43, or 2.16%, to $115 a barrel after settling 4.2% higher on Friday. US West Texa…
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Australia Halves Fuel Excise to Counter Global Energy Turmoil
Muscat: Australian Prime Minister Anthony Albanese announced today a 50 per cent reduction of the fuel excise, a move aimed at mitigating the impact of the global fuel crisis stemming from the escalating military conflict in the Middle East. In a stat…
Gold Rises Slightly as Dollar Weakens
New york: Gold prices edged up today as the dollar softened, but gains were capped by a surge in energy prices that fueled inflation worries and further dimmed expectations for US Federal Reserve interest rate cuts this year. Spot gold rose 0.3% to $4…