Muscat: The general consumer price index (CPI) in the Sultanate of Oman recorded an increase of 1.5 percent in October 2025 compared to the corresponding month in 2024, based on the base year 2018. The average inflation rate for the period from Januar…
Business
Oil Prices Fall for Second Day on Surplus Concerns
Muscat: Oil prices fell for a second consecutive session today amid growing concerns over a potential supply surplus, driven by rising crude and fuel inventories. Brent crude futures were down 13 cents, or 0.21%, at $62.32 a barrel, after falling 1.1%…
Gold Prices Rebound After 1% Drop in Previous Session
Muscat: Gold regained ground today following a 1% drop in the previous session. Spot gold rose 0.1% to $4,212.50 per ounce, after falling more than 1% in the previous session. US gold futures for December delivery were up 0.7% at $4,250.80 per ounce.
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