Oil Prices Are Collapsing After Report Of Gaza Truce Announcement

Brent is down more than -1.30 per cent and West Texas Intermediate is off more than -2 per cent on a Reuters report of a truce out of Gaza.

Here are the charts: Brent —

brent gaza truce

Photo: ForExPros

And WTI —

crude wti gaza truce

Photo: ForExPros

The truce will go into effect at 5 pm Eastern.

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