Oil falls 2% after false rumors of a ceasefire in the Middle East

Oil prices fell more than 2% on Thursday at settlement after false market speculation that Israel had agreed to a ceasefire proposal in Gaza. However, a Qatari official told Reuters that the Palestinian Islamic Resistance Movement (Hamas) had received a ceasefire proposal positively, but had not yet responded to it. Brent crude futures fell $1.85, … Continue reading Oil falls 2% after false rumors of a ceasefire in the Middle East →Read more