Market

Oil Prices Retreat 2% at Settlement

Doha: Oil prices recorded today a decline of about 2 percent at settlement. Brent crude futures fell by $1.72, or 2.2 percent, at settlement, to $76.30 a barrel. US West Texas Intermediate crude futures also fell by $1.44, or 1.96 percent, to $72.08 a…

Oil Prices Surge by More Than 5% Following US Strikes on Iran

Doha: Crude oil prices rose more than 5% at settlement Wednesday after new strikes were launched on Iran, spurring concerns that renewed hostilities in the Middle East could halt shipping traffic through the Strait of Hormuz. Brent crude futures surge…