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Category: Industry

Oman Crude Falls to USD 72.20 per Barrel

Muscat: The official price of Oman crude oil for August delivery stood at USD 72.20 per barrel on Friday.

According to Qatar News Agency, the price declined by USD 1.00 compared to Thursday’s price of USD 73.20 per barrel. The average price of Omani…

Gold Heads for Third Weekly Loss Amid Stronger Dollar

Geneva: Gold prices edged lower on Friday and were on track for a third consecutive weekly decline, pressured by a stronger US dollar and growing concerns over a potential interest rate hike by the US Federal Reserve. Spot gold fell nearly 2 percent t…

Dollar Holds Two-Month High on Rate Hike Bets

Doha: The US dollar clung to a more than two-month high on Thursday as markets reinforced expectations that the Federal Reserve will raise interest rates this year, weakening the Japanese yen and pushing it toward intervention territory. The euro last…

Oil Prices Fall About 1 Percent

Doha: Oil prices fell by about one percent in early trading Thursday, amid cautious sentiment in global markets. Brent crude futures dropped 89 cents, or 1.12 percent, to $78.66 a barrel, while US West Texas Intermediate (WTI) crude fell 98 cents, or …

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