Muscat: Oil prices fell today amid broad-based selling in global financial markets, highlighting concerns about economic growth and fuel demand, while worries were further fueled by a stronger US dollar and reports of rising US crude inventories. Brent crude futures dropped 36 cents, or 0.56%, to $64.08 per barrel.

According to Oman News Agency, US West Texas Intermediate (WTI) crude futures fell 40 cents, or 0.66%, to $60.16 per barrel, with both benchmarks continuing the losses recorded on Tuesday. Prices were also under pressure after US crude inventories rose by 6.52 million barrels during the week ending 31 October 2025.