Crude Falls as Israel-Hamas Ceasefire Talks Progress Oil prices fell to below $83 a barrel as progress towards a ceasefire between Israel and Hamas lessened the geopolitical risk associated with crude oil. West Texas Intermediate crude dropped 1.6% after reports of Israel’s willingness to negotiate a truce, potentially starting with the release of 33 hostages. The momentum for peace is supported by U.S. Secretary of State Antony Blinken’s efforts to broker a ceasefire during his regional visit, with Israel pausing any further military actions in Rafah ahead of discussions with American officials. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts How the Yen-Dollar Dance is Shaking Up Wall Street READ MORE "AI-Fueled Equity Bubble" – Big Tech to Ignite Next Equity Market Surge READ MORE Oil Market Teeters: US Stockpile Drop Counters Global Surplus Fears READ MORE U.S. Treasury to Initiate Securities Buyback, Holds Quarterly Debt Sale Steady READ MORE Gold Retreats Off Record Highs After Higher than Expected Inflation Data READ MORE Add a Comment Cancel replyYour email address will not be published.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