Category: Business

Oil Prices Drop on Easing Supply Fears

Muscat: Oil prices dipped today as supply concerns eased, while traders continued to assess the impact of Western sanctions on Russian flows. Brent crude futures were down 28 cents, or 0.4%, at $63.92 a barrel. US West Texas Intermediate (WTI) crude f…

Gold Extends Losses on Firm Dollar

Muscat: Gold price fell for a fourth straight session today, weighed down by a firm dollar and diminished prospects of a US interest rate cut next month. Spot gold was down 0.1% at $4,039.19 per ounce. US gold futures for December delivery fell 0.9% t…

Japanese Nikkei Index Drops to Seven-Month Low

Tokyo: The Japanese Nikkei index fell today to its lowest level in more than seven months, as investors sold technology company shares after Wall Street plunged sharply last night. The Nikkei declined 3.2 percent to 48,702.98 points at the close, mark…