Investing.com UK on Nostr: Oil edges up after Israel strikes Gaza, while truce talks continue ========== Oil ...
Oil edges up after Israel strikes Gaza, while truce talks continue
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Oil prices ticked up after Israel struck Rafah in Gaza while negotiations for a ceasefire with Hamas continued without resolution. Brent crude futures were up 46 cents, or 0.55%, at $83.79 per barrel, while U.S. West Texas Intermediate (WTI) crude futures rose 46 cents, or 0.59%, to $78.94 a barrel. Prices had edged upward on Monday, partially reversing the declines of last week. Palestinian militant group Hamas agreed to a Gaza ceasefire proposal from mediators, but Israel said the terms did not meet its demands and pressed ahead with strikes in Rafah while planning to continue negotiations on a deal. A lack of settlement between the parties in the now seven-month long conflict has supported prices, as investors worry that regional escalation of the war will disrupt Middle Eastern crude supplies. Riyadh's move to raise the official selling prices for its crude sold to Asia, Northwest Europe, and the Mediterranean in June also supported prices, signaling expectations of strong demand this summer.
#Oil #Israel #Gaza #TruceTalks #Hamas #Ceasefire #BrentCrude #WestTexasIntermediate(wti)Crude #MiddleEast #Riyadh #Demand
https://uk.investing.com/news/commodities-news/oil-edges-up-after-israel-strikes-gaza-while-truce-talks-continue-3477265
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Oil prices ticked up after Israel struck Rafah in Gaza while negotiations for a ceasefire with Hamas continued without resolution. Brent crude futures were up 46 cents, or 0.55%, at $83.79 per barrel, while U.S. West Texas Intermediate (WTI) crude futures rose 46 cents, or 0.59%, to $78.94 a barrel. Prices had edged upward on Monday, partially reversing the declines of last week. Palestinian militant group Hamas agreed to a Gaza ceasefire proposal from mediators, but Israel said the terms did not meet its demands and pressed ahead with strikes in Rafah while planning to continue negotiations on a deal. A lack of settlement between the parties in the now seven-month long conflict has supported prices, as investors worry that regional escalation of the war will disrupt Middle Eastern crude supplies. Riyadh's move to raise the official selling prices for its crude sold to Asia, Northwest Europe, and the Mediterranean in June also supported prices, signaling expectations of strong demand this summer.
#Oil #Israel #Gaza #TruceTalks #Hamas #Ceasefire #BrentCrude #WestTexasIntermediate(wti)Crude #MiddleEast #Riyadh #Demand
https://uk.investing.com/news/commodities-news/oil-edges-up-after-israel-strikes-gaza-while-truce-talks-continue-3477265