Oil prices edge higher as Netanyahu says Israel will attack Rafah with or without hostage deal

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Oil prices edge higher as Netanyahu says Israel will attack Rafah with or without hostage deal
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Crude oil futures moved slightly higher after Israel Prime Minister Benjamin Netanyahu dismissed hopes of a proposed hostage deal would prevent a Rafah attack.

Senior U.S. administration officials and Arab diplomats told NBC News that Israel has indicated it would accept a truce lasting more than six weeks.

But Israel Prime Minister Benjamin Netanyahu publicly doubled down on threats to move against the city. Israeli Prime Minister Benjamin Netanyahu addresses the Conference of Presidents of Major American Jewish Organizations, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Jerusalem, February 18, 2024.Crude oil futures moved slightly higher Tuesday after Israel Prime Minister Benjamin Netanyahu dismissed hopes that a proposed hostage deal would prevent an attack on the southern Gaza city of Rafah.June contract: $82.90 a barrel, up 27 cents, or 0.33%.

A Hamas delegation discussed the proposal with Egyptian officials in Cairo on Monday. Israel is waiting for a Hamas' response before sending its negotiators to Egypt, an Israeli official told NBC News.Morgan Stanley sees 'hot summer' ahead for energy sector, gives its favorite picks

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