Oil prices edged down today, as weak Chinese demand and supply disruptions, along with the risk of a global oversupply continued to weigh on the market. Brent crude futures were down 4 cents, or 0.06%, to $72.80 a barrel. US West Texas Intermediate crude futures lost 10 cents, or 0.15%, to trade at $68.60 a barrel. Both benchmarks gained around 1% at Monday's settlement. The US Energy Information Administration (EIA ) is due to release its short-term energy outlook which includes forecasts on the global market and US crude oil production. Source: Oman News Agency
Related Articles
Municipal Council in North Al Batinah Addresses Library Sector Challenges
North al batinah: The Municipal Council in North Al Batinah Governorate convened a meeting today under the leadership of Mohammed bin Sulaiman Al Kindi, Governor of North Al Batinah. The primary focus of the meeting was to address the challenges facin…
Security update: Israeli enemy warplanes launch fresh strikes on southern Lebanese villages
Starting at 2:20 pm on Monday, Israeli enemy warplanes launched a series of airstrikes targeting multiple towns in southern Lebanon.
The raids struck the towns of Nabatieh al-Fawqa, Jebchit, and the Corniche area of Jbaa, as well as the region betwee…
Oman Oil Price Rises 1.36 US Dollar
Oman oil price (November delivery 2024) today reached 74.82 US Dollars, comprising a rise by 1.36 US Dollars compared to the price of yesterday Wednesday, which stood at 73.46 US Dollars.
The average price of Oman oil (September delivery 2024) stabil…