Maroc - FINANCIALMIRROR.COM - A La Une - 16/Jan 13:52

WTI dips below $79 on Gaza ceasefire prospects

West Texas Intermediate, the US crude oil benchmark, is trading around $78.35 on Thursday. The WTI price edged lower as improved prospects for a ceasefire between Hamas and Israel could ease geopolitical tensions in the Middle East, which weigh on the crude oil’s price. Israel and Hamas have tentatively agreed to a deal to halt fighting in Gaza and exchange Israeli hostages for Palestinian prisoners. An ending of conflict between Israel and Hamas will ease tensions in the Middle East and reduce the threats of disruption to crude supplies in the region. This, in turn, could undermine the black gold price. However,