The United States has purchased nearly 2.5 million barrels of oil to help replenish the Strategic Petroleum Reserve after the largest-ever withdrawal from the emergency reserve in 2022.
The U.S. Department of Energy said that approximately 800,000 ba…
Oil prices rose more than 1 percent Friday, as the US dollar fell.
Brent crude futures rose 95 cents, or 1.23 percent, to USD 78.17 a barrel, while US West Texas Intermediate (WTI) crude futures rose USD 1.06, or 1.45 percent, to USD 74.07 a barrel….
European stock markets stabilized at the start of trading today. The European Stoxx 600 index rose by 0.1% to 516.28 points, after reaching its highest level this month in the previous session. The index is on track to rise for the third consecutive …
The official price of Oman oil, for delivery in October, today reached $76.62 cents, up by $1.47 compared to yesterdays price (Thursday), which was $75.15. It is worth noting that the monthly average price of Omani crude oil for delivery in August re…