Oil held steady after a day of choppy trading as US crude inventories swelled and traders monitored China’s plans for fiscal policy.

At the end of August 2024, the net oil revenue amounted to OMR4,649 million, up by 12% compared to OMR4,145 million ...

Brent crude oil has been steadily increasing, going from around $71 a barrel on September 9 to $77 a barrel during the day ...

Brent crude oil’s upward momentum seems to be building, based on charts, UOB said.

Moreover, S&P expects Oman’s general budget to generate financial surpluses of 1.9% during 2024-2027. The agency also expects Oman’s real GDP to grow by an average of 2 percent annually during ...

Brent crude futures rose 37 cents, or 0.5 Percent , to $76.95 a barrel, while the U.S. West Texas Intermediate (WTI) futures ...

Despite the short-lived recovery in oil prices, analysts warn that the response from oil shorts remains strong, with bearish sentiment prevailing and many traders still aggressively shorting oil based ...

The downgrade marks the first Sell equivalent rating XOM has received in more than a year, with analysts predicting a further ...

The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors ...

U.S. oil production climbed by 100,000 barrels to 13.4 million barrels per day in the latest week, the EIA said, while crude stocks at the Cushing, Okla., Nymex delivery hub edged up by 1.2 million ...

U.S. stocks are holding relatively steady following the latest scary swerves for Chinese markets. The S&P 500 slipped 0.1% in ...

"Despite the current heightened tensions in the Middle East, it is easy to forget that the oil market is very much vulnerable ...