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Oil Falls on Gaza Plan, Fading Middle East Risk Premium
- Oil prices fell as Brent crude dropped below $66 a barrel after Israel and Hamas agreed on a ceasefire plan, which eased geopolitical tensions in the Middle East.
- U.S. President Donald Trump confirmed a deal for a ceasefire and hostage release between Israel and Hamas, marking a breakthrough in negotiations.
- Global oil demand showed signs of moderation in October, with analysts reporting lower activity indicators and expectations of oil surpluses.
- Despite the ceasefire, oil supply in the Middle East will remain unchanged as OPEC+ has not reached its production targets.
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13 Articles
13 Articles
Oil prices fell as an agreement between Israel and Hamas on the first phase of the plan to end the war removed some of the geopolitical premium.
The Star Kuala LumpurReposted by 
CDE News
CDE NewsOil eases as Gaza ceasefire cools risk premium
SINGAPORE: Oil prices fell on Thursday after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza, easing geopolitical tension in the Middle East, while the U.S. dollar's strength weighed on commodities.
·Malaysia
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Coverage Details
Total News Sources13
Leaning Left1Leaning Right5Center1Last UpdatedBias Distribution72% Right
Bias Distribution
- 72% of the sources lean Right
72% Right
14%
14%
R 72%
Factuality
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