Oil Falls With Gaza Deal, U.S. Crude Stocks in Focus

Core Viewpoint - Oil prices experienced a reversal, declining due to reduced geopolitical risks in the Middle East and an increase in U.S. crude inventories [1] Oil Price Movement - Brent crude fell by 0.5% to $65.89 per barrel [1] - WTI crude decreased by 0.6% to $61.67 per barrel [1] Geopolitical Context - Israel and Hamas reached an agreement on the first phase of President Donald Trump's peace plan for Gaza, which may lower the region's risk premium [1]