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Omani Oil Prices Rise $1.47 a Barrel

The official price of Oman oil, for delivery in October, today reached $76.62 cents, up by $1.47 compared to yesterdays price (Thursday), which was $75.15. It is worth noting that the monthly average price of Omani crude oil for delivery in August re…

Oil Prices Fall for Fifth Session amid Global Demand Concerns

Oil prices fell for a fifth straight session on Thursday as investors worried about the global demand outlook, despite a decline in US fuel inventories and expectations of a US interest rate cut in September.

Brent crude futures fell 9 cents to $75.9…

US Crude Oil, Gasoline Inventories Declined Last Week

The US Energy Information Administration announced Wednesday that crude oil, gasoline and distillate inventories in the United States declined last week.

The administration, which is the statistical arm of the US Department of Energy in its short-ter…