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Oil prices edge down as risk premium fades after Gaza deal
Yahoo Financeยท 2025-10-10 08:28
By Anna Hirtenstein LONDON (Reuters) -Oil prices declined on Friday, after settling around 1.6% lower in the previous session, as the market's risk premium faded after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza. Brent crude futures were down 16 cents, or 0.25%, at $65.06 a barrel at 0819 GMT. U.S. West Texas Intermediate crude was down 7 cents, or 0.11%, to $61.44. "Finally having some kind of peace process in the Middle East is lowering the shoulders a little bit," said ...