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Oil Prices Fall 2% as Fears of Potential Supply Disruptions Ease

Muscat: Oil prices fell about 2% on Thursday after the US and Iran agreed to hold talks in the Omani capital, Muscat, on Friday, easing concerns that a potential military conflict between them could disrupt supply. Brent crude futures fell $1.44, or 2…

US Crude Oil, Distillate Inventories Decline

Washington: The US Energy Information Administration (EIA) announced a decline in US crude oil and distillate inventories, while gasoline inventories rose last week.

According to Qatar News Agency, the EIA, the statistical arm of the US Department of…