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Dollar Near 2-Month Low as Investors Await Inflation Data

New york: The US dollar hovered near a two-month low against major currencies on Monday as investors awaited this week’s inflation data for clues on the Federal Reserve’s rate path. The dollar index, which tracks the currency against six major peers, …

Oman Crude Oil Price Goes Up by USD 1.21

Muscat: The official price of Oman crude oil for October delivery increased to USD 80.99 per barrel on Monday. This marks a rise of USD 1.21 from Friday’s price of USD 79.78.

According to Qatar News Agency, the average monthly price of Oman crude fo…

Kuwait Bourse Closes Higher with All Share Index Gaining

Kuwait city: Kuwait Bourse closed trading on Monday as the All Share Index gained 3.99 points to reach 8,877.25 points, marking an increase of 0.04 percent.

According to Qatar News Agency, a total of 281.2 million shares valued at KWD 75.3 million w…

Oil Rises on Uncertainty Over Reopening of Hormuz

Oil prices increased on monday 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 barrel.