Muscat: Global oil prices today rose for an eighth consecutive session, driven by reports that the United States will extend its naval oversight of Iranian ports, intensifying concerns over prolonged disruptions to Middle East energy supplies. Brent crude futures for June delivery gained 52 cents, or 0.47 percent, to $111.78 per barrel. The more actively traded July contract rose 0.4 percent to $104.84 per barrel. US West Texas Intermediate crude futures for June climbed 57 cents, or 0.57 percent, to $100.50 per barrel, after advancing 3.7 percent in the previous session.

According to Oman News Agency, data from the American Petroleum Institute showed a draw of about 1.79 million barrels in US crude inventories for the week ending 24 April 2026. Gasoline stocks posted a sharp decline of 8.47 million barrels, while distillate inventories fell by roughly 2.60 million barrels.