Oil prices rise with no Gaza ceasefire in sight
Investing.com-- Oil prices rose in Asian trade on Monday, extending a rebound from the prior session as media reports showed no progress towards an Israel-Hamas ceasefire while hostilities in the region persisted.
Media reports showed that talks between Hamas and Israel in Cairo yielded no agreement for a ceasefire over the weekend, diminishing any chances of deescalation in the 10-month old war. Strikes between Hezbollah and Israel over the weekend also further complicated the prospect of a ceasefire, although both sides said they did not want an escalation.
Recent inventory data from the U.S. showed fuel demand in the country remained strong, further spurred bets that oil demand will remain strong.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil prices fall for fourth session in five as U.S. pushes for Gaza cease-fireU.S. crude oil is trading around $76 per barrel as demand weighs on the market.
Read more »
Israeli airstrike on Gaza shelter leaves around 100 dead, officials in Gaza sayProviding a platform for people, issues and ideas can inspire others to create solutions. That is the power of journalism and to be able to do that now on a national level is an incredible honor.
Read more »
Israeli airstrikes on two Gaza shelters kill 17, says Gaza Civil DefenseRescuers are still responding to the strikes, which killed at least 17 Palestinians, most of them children, according Gaza Civil Defense spokesperson Mahmoud Basal.
Read more »
Oil prices flat amid signs of US inventory build; Gaza ceasefire in focusOil prices flat amid signs of US inventory build; Gaza ceasefire in focus
Read more »
Oil extends losses on demand concerns, Gaza ceasefire progress at handOil retreats for a third consecutive session as tail risks for the commodity ease further.
Read more »
Oil extends losses on fears about China demand and amid Gaza ceasefire talksOil retreats for a second consecutive session as some tail risks move to the forefront on Monday. Traders are fearing weaker demand again from Oil importer China, weighing on overall market sentiment.
Read more »