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No significant rebound yet for Oil prices-check out Brent crude this morning
Yesterday afternoon, comments from the US Secretary of State, Anthony Blinken and the Israeli Prime minister seemed to give rise to a potential peace deal in Gaza. Those comments seemed to suggest, that a peace deal was seemingly more likely than in recent days and weeks and it sent oil prices sliding. Brent crude for October delivery, which had been edging above $79.75 fell back sharply towards levels just below $77.50 and later settled $2.02 lower on the NYMEX exchange, at $77.66. Earlier today the price fell back even further, hitting a session low at $76.85, from an earlier session high, at $77.77. It has rebounded off that low now though, as news of further skirmishes between Israel and Hezbollah continue to hit the headlines. Brent for October delivery is currently trading at $77.20
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