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Category: Industry

Oman Crude Oil Price Drops by USD 4.70/Barrel

Muscat: The official price of Omani crude oil for September delivery reached USD 82.41 on Thursday, marking a decrease of USD 4.70 compared to Friday’s price of USD 87.11.

According to Qatar News Agency, the average monthly price of Omani crude oil…

Muscat Stock Exchange Index Sees Marginal Gains

Muscat: The Muscat Stock Exchange 30 index closed Monday at 7,185.38 points, marking an increase of 20.84 points, or 0.28 percent, from the previous trading session, which ended at 7,165.03 points.

According to Qatar News Agency, the trading value a…

Oil Prices Plummet Over 6% as US-Iran Tensions Subside

Doha: Oil prices tumbled more than 6% on Monday, extending sharp losses as easing tensions between the United States and Iran prompted investors to unwind the geopolitical risk premium that had lifted crude prices in recent weeks. Brent crude futures …

Kuwait Bourse Closes Higher as All Share Index Gains

Kuwait city: Kuwait Bourse closed trading on Monday as the All Share Index gained 43.33 points to reach 8,740.60 points, an increase of 0.50 percent. As many as 304.1 million shares valued at KWD 84.9 million (roughly USD 276.3 million) were traded vi…

Japan’s Nikkei Index Sees Gains Amid Decline in Oil Prices

Tokyo: Japan’s Nikkei index closed higher on Monday, supported by a decline in oil prices. The Nikkei rose 0.5 percent to close at 64,931.19 points after a volatile session in which trading swung between gains and losses. The broader Topix index also …

Oil Prices Plummet Over 5% as US Halts Strikes on Iran

Doha: Oil prices tumbled more than 5% in early Asian trading on Monday after a second consecutive night without US strikes on Iran eased concerns over a broader regional conflict. Brent crude futures fell $4.89, or 5.05%, to $91.89 a barrel after brie…

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