Muscat: Oil prices increased today on uncertainty over the reopening of the Strait of Hormuz. Brent crude futures rose 91 cents or 1.09%, to $84.46 a barrel, while US West Texas Intermediate (WTI) crude futures rose 61 cents, or 0.78% to $78.79 a barr…
Gold Slips Amid Anticipation of US Inflation Data
Muscat: Gold slipped today as investors took profits after prices hit a seven-week high in the previous session, while markets awaited US inflation data for fresh clues on the Federal Reserve’s interest rate outlook. Spot gold was down 0.5% at $4,322….
European Stocks Little Changed Amid Hormuz Uncertainty
Muscat: European stocks were little changed today, amid continued uncertainty over the reopening of the Strait of Hormuz, as investors looked ahead to a busy week of economic data. The pan-European STOXX 600 index held steady at 660.12 points. The ben…