Oman

Crude Oil

Oil prices declined on Thursday as investors considered indications of advancement in negotiations between Iran and Oman, which may pave the way for a peace agreement between the U.S. and Iran. This development could potentially bring an end to the five-month conflict and facilitate the reopening of the Strait of Hormuz. Brent crude futures declined Read More

Crude Oil

On Thursday, eight OPEC+ nations reached an unexpected consensus to expedite their strategy for phasing out oil production cuts, opting to raise output by 411,000 barrels per day in May. This decision led to a continuation of the significant declines in oil prices observed earlier. Oil prices, having already decreased by more than 4% following Read More

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