Oil prices held steady today, after rising in the previous two sessions, as investors await the US Federal Reserves anticipated interest rate cut. Brent crude futures for November dropped 3 cents to $73.67 a barrel. US crude futures for October slid 11 cents, or 0.2%, to $71.08 a barrel. Both contracts gained by about $1 a barrel yesterday (Tuesday) on lingering supply disruptions in the US, the worlds biggest oil producer, after Hurricane Francine. Source: Oman News Agency
Related Articles
GCC Statistical Center Celebrates Gulf Statistics Day with New Youth Award
Muscat: The Statistical Center for the GCC (GCC-Stat) marked the Gulf Statistics Day, observed annually on 24 December. This occasion reflects the essential role of statistics as a fundamental pillar for decision-making and enhancing sustainable devel…
Muscat Plastic Recycling Lab Launched
Muscat: Omran Group, in partnership with Oman Sail and Re-Solution, launched today in Muscat the “Muscat Plastic Recycling Lab” to enable various segments of society to understand plastic types and the mechanisms of recycling and transforming them int…
Oil Extends Gains on US Output Concerns
Oil prices extended gains on today as the market eyed US output concerns in the aftermath of Hurricane Francine and expectations of lower US crude stockpiles.
Brent crude futures for November rose 16 cents, or 0.2% at $72.91 a barrel at 0120 GMT. US …
