tldrdailynews.com logo

"Oil Rallies as Israel Rejects Ceasefire Offer, Market Analysis for Feb. 8"

1 min read
Source: FX Empire
"Oil Rallies as Israel Rejects Ceasefire Offer, Market Analysis for Feb. 8"
Photo: FX Empire
TL;DR

Oil markets rally as Israel rejects Hamas ceasefire proposal, with WTI oil moving towards $76.00 and Brent oil rebounding above $81.00 amid rising tensions in the Middle East. Meanwhile, natural gas retreats as traders react to the EIA report showing a decline in working gas in storage, with WTI oil and Brent oil gaining upside momentum due to geopolitical concerns and technical factors.

Topics:businessfinance#brent-oil#finance#middle-east-tensions#natural-gas#oil-markets#wti-oil
Share this article
  1. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Israel Rejects Hamas Proposal  FX Empire
  2. Oil heads for weekly gains after Israel rejects ceasefire offer  Reuters
  3. Oil rises for fourth day after Israel rejects Hamas proposal, U.S. kills militant commander  CNBC
  4. Latest Oil Market News and Analysis for Feb. 8  Bloomberg
  5. Oil Markets Aren't Moving, but Traders Are Piling Their Money Into It  Markets Insider

Want the full story? Read the original reporting

Read on FX Empire