Muscat: Gold hit its highest level in more than two months today, driven by receding expectations of a US interest rate hike following data showing a slowdown in inflationary pressures. Investors are now awaiting producer price data for further clues …
MSX Index Rises by 27 Points
Muscat: The Muscat Stock Exchange “MSX 30” index today closed at 7,508.77 points, marking a rise of 27.1 points, or 0.36 percent, from the previous session’s close of 7,481.70 points.
According to Oman News Agency, the trading value stood at RO 52,…
Oil Drops Over Lower Global Demand Forecasts
Muscat: Oil prices fell more than $1 today as forecasters lowered global oil demand projections for 2026. Brent futures dropped $1.29, or 1.5%, at $87.69 a barrel. US West Texas Intermediate (WTI) crude decreased by $1.30, or 1.6%, to $81.97.
Accord…