WTI
Oil fell as Gaza talks began in Paris.
WTI crude fell $1.80 to $76.56 today, largely due to the prospect of a ceasefire in Gaza over the weekend.
Israeli officials have arrived in Paris for talks that also include Egypt, Qatar and the United States.
In late January, a six-week ceasefire was proposed and the release of 200 to 300 Palestinian prisoners in exchange for 35 to 40 hostages held by Hamas.
Hamas has called for a permanent ceasefire, while Israel says there will be no ceasefire until there is a "total victory" and the destruction of Hamas.
Hamas has said there is no change in its positions, but boldness in public often fades during private negotiations.
Let's see if oil falls to the $73.50 range or grows to the $80 range
Oil fell as Gaza talks began in Paris.
WTI crude fell $1.80 to $76.56 today, largely due to the prospect of a ceasefire in Gaza over the weekend.
Israeli officials have arrived in Paris for talks that also include Egypt, Qatar and the United States.
In late January, a six-week ceasefire was proposed and the release of 200 to 300 Palestinian prisoners in exchange for 35 to 40 hostages held by Hamas.
Hamas has called for a permanent ceasefire, while Israel says there will be no ceasefire until there is a "total victory" and the destruction of Hamas.
Hamas has said there is no change in its positions, but boldness in public often fades during private negotiations.
Let's see if oil falls to the $73.50 range or grows to the $80 range