May 5, 2025

Oil Prices Drop Over $2 Per Barrel Amid OPEC+ Output Increase

Doha: Oil prices fell more than $2 a barrel in early Asian trade on Monday as OPEC+ is set to further speed up oil output hikes. Brent crude futures dropped $2.15 a barrel, or 3.51%, to $59.14 a barrel, while US West Texas Intermediate crude was at $5…

Oman Oil Price Drops USD 2.48

Doha: Oman oil price for July delivery 2025 has reached USD 59.62, marking a decrease of USD 2.48.

According to Qatar News Agency, the average price of Oman oil for May delivery 2025 has stabilized at USD 72.51 per barrel, which is USD 5.12 per barr…