Muscat: Oil prices ticked higher in early trade today, climbing for a fourth straight day on supply uncertainty. Brent crude futures climbed 26 cents, or 0.29%, to $91.28 a barrel, while US West Texas Intermediate (WTI) crude futures rose 37 cents to $85.31 a barrel. Both benchmarks had stabilized at their highest levels on Tuesday since 24 July.
According to Oman News Agency, the sustained rise in oil prices is attributed to ongoing concerns over supply disruptions. Traders and investors are closely monitoring global events that could impact production levels, contributing to the steady increase in oil prices observed over the past few days. The recent surge in prices marks a significant trend, reflecting the market's reaction to potential supply challenges.
