Oil Holds Decline as US Push for Gaza Cease-Fire Gains Momentum

West Texas Intermediate News

Oil Holds Decline as US Push for Gaza Cease-Fire Gains Momentum
BloombergWar In GazaAntony Blinken
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(Bloomberg) -- Oil held the biggest drop in more than two weeks as the US said Israel had accepted a cease-fire proposal to halt the war in Gaza, potentially...

-- Oil held the biggest drop in more than two weeks as the US said Israel had accepted a cease-fire proposal to halt the war in Gaza, potentially easing supply risks just as concerns about the outlook for demand mount.US benchmark West Texas Intermediate held above $74 a barrel after shedding 3% on Monday, while Brent crude closed below $78.

Crude has given up most of its year-to date gains as the lift from OPEC+ supply curbs and expectations for lower US interest rates have been countered by the challenging outlook in China. The Organization of the Petroleum Exporting Countries has said that it may loosen output curbs in the final quarter, although that plan could change if conditions shift.Sports Betting Is Legal, and Sportswriting Might Never RecoverOhio Sen. J.D.

Five-time Olympic cyclist choked to death on food at her Vegas apartment five days before her body was foundCHARLESTON, W.Va. — Betty Jean Hall, an Appalachian attorney and federal administrative judge who paved the way for women to enter the coal mining workforce, has died. She was 78.AeroVironment, Inc. to Announce First Quarter Fiscal Year 2025 Earnings and Host Conference Call

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