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Oil ends near two-week low on reported progress toward Israel-Hamas cease-fire deal

Por: MarketWatch Business February 01, 2024

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Price moves Market drivers Oil traders have been monitoring developments in the Middle East to gauge global risks to the oil market. Initial reports of a possible cease-fire agreement between Israel and Hamas caused a big selloff in oil prices, but the news then shifted more toward progress on a deal. “Looks like a case of selling on the rumor, maybe later buying on the refutation,” said Michael Lynch, the president of Strategic Energy and... + full article



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