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Day: September 12, 2024

Dollar Firm after Inflation Data Douse Bets for Big Fed Cut

The dollar traded near a four-week high versus the euro today after signs of some stickiness in US inflation reinforced expectations that the Federal Reserve would avoid a super-sized interest rate cut next week.

The dollar gained against the yen, fo…

Oman Oil Price Rises 1.07 US Dollar

Oman oil price (November delivery 2024) today reached 71.92 US Dollars, comprising a rise by 1.07 US Dollar compared to the price of yesterday ‘Wednesday’ which stood at 70.85 US Dollars.

The average price of Oman oil (September delivery 2024) stabil…

Oman Oil Price Rises 1.07 US Dollar

Oman oil price (November delivery 2024) today reached 71.92 US Dollars, comprising a rise by 1.07 US Dollar compared to the price of yesterday ‘Wednesday’ which stood at 70.85 US Dollars.

The average price of Oman oil (September delivery 2024) stabil…

MSX Gains 20 Points

Muscat Stock Exchange (MSX) general index (30) today gained (20.8) points, comprising a rise by (0.44%) to close at (4745.56) points, compared to the last session, which stood at (4724.76) points.

The trading value today stood at (RO 3,235,316), comp…

Public Revenue Stands at More Than RO 7 Billion

At the end of July 2024, public revenue amounted to RO 7,154 million, down by RO 29 million compared to RO 7,183 million registered over the same period in 2023. This is mainly due to a decrease in gas and current revenues.

At the end of July 2024, n…

Gold Rises on US Rate Cut Expectations

Gold prices firmed today after US inflation data all but guaranteed a Federal Reserve rate cut next week, while traders awaited more economic data from the US.

Spot gold was up 0.4 percent at USD 2,521.29 per ounce, while US gold futures edged 0.3 pe…