Business

Oil Prices Jump 6 Percent at Settlement Amid Regional Escalation

Doha: Oil prices surged about 6 percent on Monday, driven by escalating tensions in the Middle East. Brent crude futures rose by $6.27, or 5.8 percent, to settle at $114.44 a barrel. U.S. West Texas Intermediate crude gained $4.48, or 4.4 percent, to …

Oman Oil Increases by $4.12 per Barrel

Muscat: The official price of Oman crude oil for July delivery reached USD 106.16 per barrel on Tuesday, rising by USD 4.12 compared to Monday’s price of USD 102.04 pb.

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