Muscat: Brent crude futures closed above $100 a barrel – their highest settlement since late May – as Middle East tensions escalated and Iran and the United States exchanged strikes on oil tankers. Brent rose $3.29, or 3.4 percent, to $101.21 a barrel…
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Currency Markets Steady Amid Oil Price Surge and Rising Bond Yields
Muscat: Currency markets held steady in cautious trading today as investors weighed the latest surge in oil prices and global bond yields, while the yen’s powerful rally paused ahead of US producer price and inflation readings. Brent crude futures rem…
Oil Prices Climb Amid Intensifying Middle East Conflict
Muscat: Oil prices climbed more than $1 in early trading today as the Middle East conflict widened, heightening concerns over supply disruptions. Brent crude futures rose $1.57, or 1.6 percent, to $99.49 a barrel, while US West Texas Intermediate crud…