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May 8, 2024

Oil prices decline as US inventories increase

Baghdad, Oil prices fell in early Asian trading on Wednesday, at a time when sector data showed a rise in crude and fuel inventories in the United States, indicating a possible weakness in demand, and caution prevailed in supply expectations

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QSE Index Drops 19.45 Points at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) dropped 19.45 points, or 0.20%, at the beginning of trading on Wednesday, reaching 9.599 points, compared to yesterday’s closing.

QSE general index was weighed down by a decline in most sectors:

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Omani Oil Price Declines $1.10

Muscat, Oman oil price (June delivery 2024) reached $82.89 today, a decline of $1.10 compared to yesterday’s price which stood at $84.8.

The average price of Oman oil (May delivery 2024) was $78.49 per barrel, thus $3.74 per barrel lower

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