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Brent rises back above $81 as Gaza peace deal remains in doubt

There have been a great many headlines already today concerning the potential peace deal in the Middle East. A good good deal of those seem to be erroneous at best and hence as things stand right now, there is no peace deal. So, eventually oil prices have reacted accordingly and the charge higher in the US stock markets has also added fuel to the move. So, much earlier today the price of Brent crude for March delivery was trading below $80 and close to $79.50. However, right not it has just pushed its way back above $81. The move also comes after the earlier OPEC monthly market report maintained their current forecasts for the demand outlook. Brent for March delivery has traded to $81.05 a short while ago. It is currently trading at $80.95 
 

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