Oil prices gained slightly during early trade today, boosted by expectations as the US interest rate cut last week will support demand. Brent crude futures for November were up 20 cents, or 0.3% at $74.69 a barrel. US crude futures for November were up 22 cents, or 0.3%, at $71.22. Both contracts rose in the previous session on support from the US interest rate cut and a dip in US supply. Last Wednesday, the US Federal Reserve cut interest rates by half a percentage point. Interest rate cuts typically boost economic activity and energy demand. Source: Oman News Agency
Related Articles
UNRWA calls for independent investigation into Israeli bombing of agency school
Jerusalem – Ma’an – The Commissioner-General of the United Nations Relief and Works Agency for Palestine Refugees (UNRWA), Philippe Lazzarini, called again for a ceasefire in the Gaza Strip after 9 months of brutal war.
“The longer the war lasts, the…
HM King sends letter to HM Sultan of Oman
Muscat, His Majesty King Hamad bin Isa Al Khalifa sent a letter to His Majesty Sultan Haitham bin Tarik of Oman, focusing on strengthening the bilateral relations between the two countries.
Sayyid Khalid bin Hilal Al Busaidi, Minister of the Diwan o…
Ceasefire Agreement Initiated to End Israeli Aggression in Lebanon.
BEIRUT: A ceasefire agreement, mediated by the United States to end the Israeli aggression against Lebanon, today came into effect 4 am local time (02:00 GMT). There were no reports of any violations of the agreement so far. The agreement stipulates a…