Oil prices stabilize as ceasefire talks continue in Gaza

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Today, Monday, oil prices recorded stability in early Asian transactions after sharp declines last week, amid continued attempts to reach a ceasefire agreement in the Gaza Strip.

By 01:31 GMT, Brent crude futures rose eight cents to $77.41 per barrel, and West Texas Intermediate crude futures settled at $72.28 per barrel.
The two indices ended last week’s transactions with a decline of about 7%.
They fell 2% on Friday after stronger-than-expected US jobs data indicated that the interest rate cut may be greater than expected, in addition to progress in ceasefire negotiations between the Zionist entity and the Hamas movement.
Source: Al Arabiya Net