Crude Prices Dip Below $75 Amid Ceasefire Talks Between Israel and Hamas The price of US West Texas Intermediate crude oil experienced a significant drop, falling more than 2% to dip below $75 a barrel. This decline came amid emerging reports of a possible ceasefire between Israel and Hamas, potentially easing recent geopolitical tensions. Bloomberg has indicated that negotiations aimed at halting the conflict and securing the release of civilian hostages held by Hamas are making progress, though these talks are still in the preliminary stages without immediate expectations for a resolution. Concurrently, Al Jazeera reported Qatar’s announcement that Israel has consented to a ceasefire proposal, introducing a hopeful outlook for an end to the hostilities. These developments have influenced oil markets, as traders react to the potential for decreased geopolitical risk in the region. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Daly: Cooling Inflation May Warrant One or Two Rate Cuts in 2024 READ MORE A Pivotal Week for Stock Markets: Earnings, Fed Decisions, and Job Reports READ MORE Top Financial CEOs Caution Against Complacency in Face of Global Threats READ MORE We Are 'Late In the Game' of Controlled Financial Demolition READ MORE The Paradox of Gold: Prices Soar While Retail Investors Step Back READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment