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 SAXO Bank: Gold is Ready to Rise READ MORE Why have all Chinese banks disappeared from the LBMA Gold Price auction? READ MORE How a Second Trump Presidency Could Influence U.S. Inflation Rates READ MORE Powell Signals Fed's Pivot: Job Market Concerns May Prompt Rate Cuts READ MORE Zambia Sets Ambitious Target: 1 Million Tons of Copper by 2027 READ MORE Add a Comment Cancel replyYour email address will not be published.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