Oil prices rise after Netanyahu dismisses Hamas cease-fire deal as 'sabotage'
Publishing timestamp: 2024-05-07 13:08:34
Summary
Israel's War Cabinet voted to continue military operations in Gaza but sent delegation to Egypt for cease-fire talks. Hamas accepted cease-fire proposal rejected by Israel. Chevron CEO Mike Wirth said oil prices have upside risk due to war. Crude oil futures rose as Israel's prime minister dismissed cease-fire proposal. Israeli forces seized Rafah border crossing, sparking condemnation from Egypt. Oil prices have been influenced by geopolitical risk in Middle East. Israeli delegation is in Cairo for cease-fire negotiations. Truce in seven-month war remains elusive.
Sentiment: MIXED
Tickers: %40RB.1?QSEARCHTERM=%40RB, @LCO.1, CVX, @CL.1, @NG.1,
Keywords: markets, natural gas (mar'23), business news, chevron corp, wti crude (mar'23), ice brent crude (apr'23), breaking news: markets, oil and gas, investment strategy,
Source: https://www.cnbc.com/2024/05/07/crude-oil-prices-today.html