Oil Little Changed as Investors Focus on Gaza Deal

"The immediate impact on the oil markets will be a slight decrease in the geopolitical risk premium—about 1%-2% of the current Brent price—as the markets figure out the details of the peace plan," said Claudio Galimberti, chief economist at Rystad Energy. "In the longer term, if the plan for stable peace proves credible, its impact on prices could be more structural and profound." Brent crude and WTI edged 0.3% higher to $62.19 and $66.43 a barrel, respectively, after opening the session lower. Oil prices w ...