MUSCAT : Brent crude futures fell 23 cents, or 0.3 percent, to $66.77 per barrel, while U.S. West Texas Intermediate (WTI) crude dropped 19 cents, or 0.3 percent, to $63.29. The sustained decline comes amid market caution ahead of Sunday’s OPEC+ gathering, where producers will weigh supply adjustments against global demand signals.
U.S. crude inventories rose unexpectedly last week by 2.4 million barrels, according to government data. Analysts had forecast a drop of about 2 million barrels, but refineries entering maintenance season contributed to the surprise stockpile increase.
For all the latest news from Oman and GCC, follow us on Twitter, Instagram and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Read More
- Gold slips for fourth day as strong Dollar dampens rate-cut hopes
- Bank Muscat : A successful journey in advancing sustainable economic and social development and empowering Omani talent
- BankDhofar powers Oman’s sustainability goals with green finance and energy-efficient initiatives
- Registration opens for Oman’s Digital Excellence Award in the Government Sector 2025
- Minerals Development Oman partners with JSW for RO 204 million South Minerals Project





