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Category: Trading

Oil Prices Rise Ahead of Anticipated US-Russian Meeting

Muscat: Oil prices rose today, following a sell-off in the previous session ahead of the anticipated meeting between the US President and his Russian counterpart. Brent crude futures rose 28 cents, or 0.43%, to $65.91 a barrel, while US West Texas Int…

Dollar Declines Amid Expectations of Interest Rate Cut

Muscat: The US dollar fell to its lowest level in several weeks against major currencies today, amid market expectations that the US Federal Reserve will resume cutting interest rates next month. The dollar index, which measures the performance of the…

Dollar Declines on September Rate Cut Expectations

New york: The dollar weakened today after a tame reading on US inflation bolstered expectations of a Federal Reserve rate cut next month. The dollar index, which measures the performance of the US currency against a basket of major currencies, fell to…

US National Debt Tops $37 Trillion for First Time

Washington: The US national debt has exceeded $37 trillion for the first time in the country’s history. Data released by the US Treasury Department yesterday “Tuesday” showed gross national debt reaching $37.005 trillion.

According to Oman News Agen…