Muscat: Oil prices today fell after US President Donald Trump's lengthy 50-day deadline for Russia to end the Ukraine war and avoid sanctions eased immediate supply concerns. Brent crude futures fell 25 cents to $68.96 a barrel, while US West Texas Intermediate crude futures fell 34 cents to $66.64. Both contracts settled more than $1 lower in the previous session. According to Oman News Agency, tariffs risk slowing down economic growth, which could sap global fuel demand and drag oil prices lower.
Related Articles
MSX Rises 68 Points
Muscat: Muscat Stock Exchange (MSX) main index closed higher today, rising 1.10 percent. The MSX 30 Index concluded the trading session at 6,321.52 points, registering an increase of 68.9 points from the previous close of 6,252.58 points.
According …
Oman Oil Price Declines 2.37 US Dollars
Muscat: Oman oil price for July delivery 2025 has reached 63.68 US Dollars, marking a decline of 2.37 US Dollars compared to yesterday’s price of 65.05 US Dollars.
According to Oman News Agency, the average price of Oman oil for May delivery 2025 has…
Oil Prices Rise on Optimism over US-EU Trade Deal
Muscat: Oil today extended gains, lifted by hopes of improved economic activity after the US-EU trade deal, a potential US-China tariff truce and President Donald Trump’s shorter deadline for Russia to end the Ukraine war. Brent crude futures were up …