Month: May 2026

Oil Prices Drop 7% as Brent Falls to $96.30

London: Oil prices fell by 7% today, Monday. Brent crude futures dropped by $7.24 to $96.30 per barrel by 18:43 GMT, while US West Texas Intermediate crude fell by $6.30, or 6.5%, to $90.88 per barrel. Trading volumes were light due to the US Memorial…

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Gold Falls Amid Rising Oil Prices, Inflation Concerns

Abu dhabi: Gold prices fell on Tuesday: as rising oil prices fuelled concerns around inflation and higher-for-longer interest rates. Spot gold was down 0.6 percent at US$4,542.20 per ounce as of 04:01 GMT. Meanwhile, US gold futures for June delivery …

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