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Oil prices are low, the market is waiting for a new round of Gaza ceasefire protocol consultations.
Golden Ten data, October 25th news, oil prices fell by about 1% in volatile trading on Thursday, reportedly the United States and Israel will attempt to restart ceasefire negotiations in Gaza. Brent crude futures closed down $0.58 or 0.8% at a Settlement price of $74.38 a barrel; WTI crude futures fell $0.58 or 0.8% to close at $70.19. Analysts at energy consultancy Ritterbusch said: The risk premium in the Middle East is expanding and contracting almost every day, with (energy) products continuing to fluctuate.