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 Economists Anticipate Fed's Shift from Rate Hikes to Cuts READ MORE Asian Gold Demand Surges Despite Near-Record Prices READ MORE Ukrainian Drones Strike Deep into Russia, Hitting Multiple Air Bases READ MORE High Interest Rates Likely Dampened Americans’ Economic Mood: Study READ MORE How Weakening Debt Terms Are Reshaping the Bond Market READ MORE Add a Comment Cancel replyYour email address will not be published.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