Business

Oil Extends Losses as Fears of Middle East Supply Disruptions Ease

Doha: Oil prices fell in early trade on Thursday, extending the previous day’s losses after reduced fears of supply disruptions in the Middle East. Brent crude futures dropped $1.24, or 1.2%, to $104.59 a barrel, while US West Texas Intermediate (WTI)…

Oman Oil Price Drops by USD 7.94

Muscat: The official price of Oman crude oil for November delivery dropped on Thursday by USD 7.94 to USD 124.15 per barrel, compared to Wednesday’s price of USD 132.09.

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

Dollar Hits 7-Week High After Interest Rate Hike

Doha: The dollar held at a seven-week high on Thursday after the Federal Reserve raised interest rates and signaled further hikes, while investors await from the Bank of England (BoE) later today and the Bank of Japan tomorrow Friday. The dollar index…