June 12, 2026

Oil Prices Extend Decline Amid Focus on Middle East Developments

Morocco: Oil prices fell on Friday, extending losses for a second consecutive session as concerns over a potential military escalation between the United States and Iran eased. Brent crude futures declined by USD 1.21, or 1.3 percent, to USD 89.17 a b…

Oman’s Crude Oil Price Declines by Over $7

Muscat: The official price of Oman’s crude oil for August delivery reached USD 80.99 per barrel on Friday. The price was down USD 7.02 from Thursday’s level of USD 88.01 per barrel.

According to Qatar News Agency, the average price of Oman’s crude o…