Oil Prices Slide on Gaza Rapprochement Rumors

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February got off to a bearish start for oil markets, with leading benchmarks shedding more than 2% on Thursday amid murmurings of a potential cease-fire between Israel and Hamas and a lack of clarity from Opec-plus on whether it will extend its production cut into the second quarter.

Topics:
Oil Futures and Derivatives, Oil Prices, Crude Oil, Oil Supply, Oil Demand, Opec-Plus Supply, Opec/Opec-Plus
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