Oil prices dipped on Friday as progress in ceasefire talks between Israel and Gaza outweighed concerns about potential supply disruptions. Strong summer demand and the path of Hurricane Beryl are keeping the oil market volatile.
Ceasefire Talks
-
-
Oil prices experienced a significant decline on Monday, dropping more than $1 a barrel as tensions in the Middle East eased. This welcome shift comes after Israel withdrew troops from the Gaza Strip and committed to engaging in renewed ceasefire talks with Hamas.