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Category: Trading

Oil Surges More Than 7% as Strait of Hormuz Closure Roils Markets

Muscat: Oil prices jumped more than 7 percent today, rebounding sharply from steep losses in the previous session as the closure of the Strait of Hormuz rattled global energy markets. Brent crude futures climbed $6.56, or 7.26 percent, to $96.94 per b…

Asyad Group Expands Global Reach with Ligentia Acquisition

Muscat: Asyad Group, the global integrated logistics provider, announced its acquisition of Ligentia, a premier UK-based fourth-party logistics (4PL) provider. This landmark deal is the Group’s second major international acquisition in less than two y…

Oman Crude Oil Price Falls by 5.50 US Dollars

Muscat: The official price of Oman crude oil for June delivery today reached 92.01 US dollars. The price of Oman crude oil recorded a decrease of 5.50 US dollars compared to yesterday’s price of 97.51 US dollars.

According to Oman News Agency, the mo…