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Petroleum Consumption

Oil Prices Drop as Israel-Hamas Ceasefire Plan Eases War Risk Premium

October 9, 2025 by Admin 365

SINGAPORE – Oil prices fell in early Asian trade on Thursday as Israel and Hamas agreed to the first phase of a plan to end the war in Gaza, reducing the geopolitical risk premium that had been supporting global oil markets. Brent crude futures dropped 51 cents (0.77%) to $65.74 per barrel, while U.S. West […]

Filed Under: Business Tagged With: Benjamin Netanyahu, Brent crude, Commodity Markets, Donald Trump, EIA Report, Energy prices, gaza ceasefire, Gaza Conflict, Global oil market, Israel-Hamas war, Latest, Middle East Tensions, oil prices, Petroleum Consumption, WTI crude

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