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Category: Business

Oman GDP Grows 1.7% During Q1 2024

The gross domestic product (GDP) of the Sultanate of Oman at constant prices increased by 1.7 percent to reach RO 9.537 billion at the end of the first quarter of 2024, compared to RO 9,373,900,000 at the corresponding period in 2023.

The preliminary…

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Oil Prices Close on Decline

Oil prices declined at the close of trading on Monday.

Brent crude futures fell by 18 cents, or 0.2 percent, to settle at $84.85 per barrel. Meanwhile, West Texas Intermediate (WTI) crude dropped by 30 cents, or 0.4 percent, to settle at $81.91 per b…

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Oil Prices Drop Over 1%

Oil prices fell by more than 1 percent on Tuesday due to concerns over a slowdown in the Chinese economy, which is impacting demand, despite growing consensus that the US Federal Reserve may start cutting interest rates in September.

Brent crude futu…

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