Muscat: Oil prices fell by more than 5%, pressured by easing geopolitical tensions that dampened market sentiment. Brent crude futures declined by $3.30, or 4.8%, to $66.02 per barrel, while US West Texas Intermediate (WTI) crude futures fell $3.23, or 5%, to $61.98 per barrel.
According to Oman News Agency, both benchmarks retreated sharply from multi-month highs, as concerns over potential supply disruptions eased amid signs of reduced geopolitical risk.