2024-04-09 15:34:25
Oil prices rose in Asian trade today amid growing pessimism among investors that talks between Israel and the Islamist group Hamas will lead to a ceasefire in the Gaza Strip, Reuters reported, quoted by BTA.
Brent futures, Europe’s benchmark, rose 28 cents to $90.66 a barrel.
Quotations of US light crude oil rose by 21 cents to 86.64 dollars per barrel.
A new round of cease-fire talks between Israel and Hamas in Cairo put an end to the oil price rally. A drop in the price of Brent and US light crude oil followed.
Israeli Prime Minister Benjamin Netanyahu later said a date had been set for Israel’s invasion of the Rafah enclave in Gaza, without specifying which date it was. In doing so, it “ended hopes that briefly gripped the market yesterday that geopolitical tensions in the region might ease,” said Tony Sycamore, market analyst at IG (IG).