TOKYO – Brent crude futures fell 21 cents, or 0.2 percent, to $98.27 a barrel, after touching $99.38 earlier in the session.
U.S. West Texas Intermediate crude futures fell 28 cents, or 0.3 percent, to $89.39, after rising to $90.71.
The two benchmark crude oils rose by about three percent on Tuesday.
U.S. crude oil inventories fell by 4.5 million barrels last week after rising for three weeks, and gasoline and distillate stocks also declined.
Read More
- Finance and economy ministries set guidelines for Oman’s 2027 budget preparation
- OMRAN Group and Oman Sail launch ‘Precious Plastic Muscat’
- Oman oil price climbs to $99.26, registers $7.25 increase in one day
- Bank Muscat inspires future entrepreneurs through Rikaz Award
- Gold prices surge as US-Iran ceasefire extension eases inflation fears
