Monday 23 October 2023

Oil slips as investors watch diplomatic moves in Gaza war | Reuters

Oil slips as investors watch diplomatic moves in Gaza war | Reuters

Oil prices slipped on Monday as investors continued to focus on the situation in the Middle East, where diplomatic efforts are intensifying in an attempt to contain the conflict between Israel and Hamas.

Brent crude futures fell 41 cents, or 0.44%, to $91.75 a barrel, as of 1204 GMT. U.S. West Texas Intermediate crude futures were down 55 cents, or 0.62%, at $87.53 a barrel.

Both benchmarks traded over $1 a barrel lower than their previous settlement price at their nadir in Monday's session.

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