Business
Oil falls $2 on possible peace deal in Mideast
字号+ Author:Smart News Source:Travel 2025-01-13 07:39:53 I want to comment(0)
HOUSTON: Oil prices fell more $2 on Monday after multiple reports that Israel and Lebanon had agreed to the terms of a deal to end the Israel-Hezbollah conflict, citing unnamed senior US officials. Brent crude futures were down $2.02, or 2.69 per cent, at $73.15 a barrel by 9:57 a.m. CST (1557 GMT), while US West Texas Intermediate crude futures were down $2.08, or 2.92pc, at $69.16 a barrel. Israel said on Monday that it is moving toward a ceasefire in the war with Hezbollah but there are still issues to address, while Lebanese officials voiced guarded optimism but said Israeli Prime Minister Benjamin Netanyahu was not to be trusted. “It seems the news of a ceasefire between Israel and Lebanon is behind the price drop, though no supply has been disrupted due to the conflict between the two countries and the risk premium in oil has been low already before the latest price decline,” said Giovanni Staunovo of UBS. Oil markets are being pushed up and pulled down on rising or falling supply disruption fears, Phil Flynn, senior analyst at Price Futures Group, said in a Monday note. “A report that Israels Prime Minister Netanyahu approves Lebanon ceasefire deal in principle could be a bearish catalyst, yet we must see more details as they become available. Last week the world was stunned as Russia launched supersonic missiles” at Ukraine, Flynn wrote in his Energy Report.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Parody website The Onion buys conspiracy theorist Alex Jones’ Infowars platform out of bankruptcy
2025-01-13 06:55
-
یہ زندہ جیواشم ڈائنوسار سے پہلے کا ہے، اس نے بڑے پیمانے پر معدومی سے بچاؤ کیا۔
2025-01-13 06:39
-
چینی صدر شی نے کرپشن کو کمیونسٹ پارٹی کے لیے سب سے بڑا خطرہ قرار دیا ہے۔
2025-01-13 06:15
-
بھارت میں جلاوطنی میں مقیم حسینہ کے خلاف دوسرا گرفتاری وارنٹ جاری (Bhaarat mein jalaawtni mein muqeem Hasina ke khilaaf doosra girftaari warrant jaari)
2025-01-13 05:12
User Reviews
Recommended Reads
Hot Information
- Guardian stops posting on ‘toxic media platform’ X
- گجرات میں ہیلی کاپٹر حادثہ تین افراد کی ہلاکت کا سبب بنا
- امریکی وزیر خارجہ بلینکن اپنی ایشیا اور یورپ کی دورہ کے دوران جنوبی کوریا کے سیاسی بحران میں مداخلت کرنے والے ہیں۔
- چینی صدر شی نے کرپشن کو کمیونسٹ پارٹی کے لیے سب سے بڑا خطرہ قرار دیا ہے۔
- Israel’s military bombed Beirut’s Dahiye 50 times in one week
- کیپٹل حملے کے چار سال بعد، امریکی قانون ساز ٹرمپ کی جیت کی تصدیق کریں گے۔
- کینیڈا کا سیاسی بحران— آگے کیا ہو سکتا ہے؟
- امریکہ کے ویزے کی پروسیسنگ کے لیے سینکڑوں افغان افراد فلپائن پہنچ گئے ہیں۔
- 7 killed in Israeli attack on southern Lebanon
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content