Oil Declines With Gaza Peace Plan and Risk-Off Mood in Focus

Oil edged lower as traders focused on cooling tensions in the Middle East and broader markets struck a more cautious tone. West Texas Intermediate fell as much as 1.9% to trade below $62 a barrel while Brent was near $65. Israel and Hamas reached a deal for a truce and the release of hostages held by the militant group, a major step toward ending a two-year war that’s loomed over flows from the Middle East, the source of a third of the world’s crude. Most Read from Bloomberg “Sentiment remains subdued, ...