Oil prices of Oman crude oil surged to $81.7 per barrel amid market fluctuations
In a notable shift within global oil markets, the price of Oman crude oil has surged to $81.7 per barrel.
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In a notable shift within global oil markets, the price of Oman crude oil has surged to $81.7 per barrel.
Oil futures have retreated as focus shifts to China's economy, where an unexpected interest-rate cut has raised global economic worries. Despite positive U.S. GDP growth, West Texas Intermediate (WTI) crude is down 1.7% at $76.25 per barrel, and Brent is off 1.6% at $80.39 per barrel.