Muscat: Oil prices rose today as investors sought greater clarity on the direction of negotiations between the United States and Iran, while lingering concerns over supply tightness fuelled by ongoing maritime shipping disruptions continued to weigh on markets. Brent crude futures gained 73 cents, or 0.7 percent, to reach $109.76 per barrel, while US West Texas Intermediate crude futures slipped 26 cents, or 0.2 percent, to $111.28 per barrel.
According to Oman News Agency, price movements in Asian trading were notably muted compared to the previous session last Thursday, when WTI surged 11 percent and Brent jumped 8 percent-marking the largest single-day absolute price increase since 2020.