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Author: Web Desk

MSX Drops 13 Points

Muscat: Muscat Stock Exchange (MSX) “30” index closed today at 7,657.96 points, marking a drop of 13.47 points, or 0.176%, compared to the last trading session, which closed at 7,671.43 points. The total trading value reached RO 17,962,559, representi…

Oil Falls, With Brent Crude Recording $97.14 per Barrel

Muscat: Oil prices declined today, after gains in previous sessions, amid investors monitoring developments in global markets. Brent crude futures fell 67 cents, or 0.69%, to $97.14 per barrel, while US West Texas Intermediate (WTI) crude dropped 62 c…

Gold Prices Fall as Middle East Developments Accelerate

Muscat: Gold prices fell today as renewed hostilities in the Middle East pushed crude oil prices higher, reinforcing concerns that interest rates will remain elevated for longer to curb inflation.

According to Oman News Agency, spot gold dropped 0.2…

US Dollar Gains as US-Iran Talks Falter

Muscat: Oil prices today rose for a third day running as fresh hostilities flared in the Gulf after US-Iran peace talks stalled. Against a basket of currencies, the dollar was steady at 99.28, having risen slightly overnight. The dollar rose 0.04% to …