Oil falls on Gaza plan, fading Middle East risk premium

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Oil prices fell in early trade on Thursday after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza, weighing on oil's war risk premium and pushing investors to sell. Brent crude futures were down 51 cents, or 0.77 per cent, at $65.74 a barrel by 0002 GMT. U.S. West Texas Intermediate crude fell 55 cents, or 0.88 per cent, to $62. U.S. President Donald Trump said that Israel and Hamas had reached a long-sought deal for a Gaza ceasefire and hostage release under a plan

Tag-uri: Donald Trump

Oil falls on Gaza plan, fading Middle East risk premium https://www.channelnewsasia.com/ - 09.10.2025 03:51

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Oil falls on Gaza plan, fading Middle East risk premium https://www.channelnewsasia.com/ - 09.10.2025 03:51