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Price of Oman Crude Oil Up $87.49 Per Barrel

Muscat, The official price of Oman crude oil for delivery in August rose to $87.49 per barrel, on Friday, representing an increase of 83 cents compared to Thursday’s price of $86.66per barrel.

The monthly average price of Omani crude oil for delivery…

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Gold Prices Rise to Highest Level in Month

Washington, July 5, – Gold prices rose on Friday to their highest level in a month, following the release of US jobs data that showed a slowdown in the labor market, which supports expectations that the Federal Reserve (the US central bank) will reduc…

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Oil Falls on Concerns of Weaker Demand Forecasts

Oil prices fell in Asia on Thursday, with investors turning cautious on expectations of lower demand as US employment and business data came in weaker than forecast, signalling the economy of the world’s top oil consumer may be cooling.

Brent crude f…

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