Oil Falls With Gaza Deal, U.S. Crude Stocks in Focus
Barronsยท2025-10-09 11:34
ByGiulia Petroni, Dow Jones Newswires and Oil prices reversed initial gains on Thursday to fall in early trade, pressured by easing geopolitical risks in the Middle East and higher U.S. crude inventories.Brent crude, the international benchmark, slipped 0.5% to $65.89 a barrel, while WTI, the U.S. benchmark, was down 0.6% to $61.67 a barrel.Israel and Hamas agreed to the first phase of President Donald Trump's peace plan for Gaza, a move that could reduce the region's risk premium. ...