Oil falls on Gaza plan, fading Middle East risk premium

Core Viewpoint - Oil prices experienced a decline in early trading on Thursday due to an agreement between Israel and Hamas on the first phase of a plan to end the war in Gaza, which reduced the oil war risk premium and prompted investors to sell [1] Group 1 - The agreement between Israel and Hamas is seen as a significant factor influencing oil prices [1] - The reduction in the oil war risk premium is a direct consequence of the peace negotiations [1] - Investor sentiment shifted towards selling, reflecting a response to the geopolitical developments [1]