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 Oil Prices Waver as U.S. Stockpile Growth Meets OPEC+ Supply Cut Speculation READ MORE Fed's Latest Stress Test Scenarios: Banks Brace for Hypothetical Global Recession READ MORE Fed's Rate Strategy for 2024: Stability Over Cuts, Says One Wall St Analyst READ MORE Is it a golden era for gold? READ MORE Euro Zone Beats Recession Odds, But Economic Challenges Loom READ MORE Add a Comment Cancel replyYour email address will not be published.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