{"id":8608,"date":"2024-08-20T12:00:46","date_gmt":"2024-08-20T04:00:46","guid":{"rendered":"https:\/\/www.ultima-fin.co\/?p=8510"},"modified":"2025-07-17T01:34:23","modified_gmt":"2025-07-17T01:34:23","slug":"oil-prices-dip-as-middle-east-ceasefire-calms-supply-fears","status":"publish","type":"post","link":"https:\/\/www.ultima-fin.co\/tr\/trade-news\/oil-prices-dip-as-middle-east-ceasefire-calms-supply-fears\/","title":{"rendered":"Oil prices dip as Middle East ceasefire calms supply fears\u00a0"},"content":{"rendered":"\n

On Tuesday, oil prices declined as Israel agreed to a proposal aimed at resolving disputes hindering a Gaza ceasefire, alleviating concerns over potential supply disruptions in the Middle East. WTI eased 2.2%, closed at 73.80 yesterday. <\/p>\n\n\n

\n
\"\"
(WTIUSD Daily Chart Price)\u00a0<\/figcaption><\/figure><\/div>\n\n\n

U.S. Secretary of State Antony Blinken announced that Israeli Prime Minister Benjamin Netanyahu had accepted a “bridging proposal” from Washington to address the disputes obstructing a ceasefire agreement in Gaza, urging Hamas to do the same. <\/p>\n\n\n\n

On the demand front, concerns over China’s economic challenges also weighed on oil prices. Meanwhile, investors are also anticipating signals from the U.S. Federal Reserve regarding its upcoming interest rate decision. A rate cut is highly likely to happen in September. Lower interest rates reduce borrowing costs, potentially stimulating oil demand in the world\u2019s largest oil-consuming nation. <\/p>\n\n\n\n

Disclaimer\u202f\u202f\u202f <\/p>\n\n\n\n

Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.\u202f<\/p>\n","protected":false},"excerpt":{"rendered":"

On Tuesday, oil prices declined as Israel agreed to a proposal aimed at resolving disputes hindering a Gaza ceasefire, alleviating concerns over potential supply disruptions in the Middle East. WTI eased 2.2%, closed at 73.80 yesterday.  U.S. Secretary of State Antony Blinken announced that Israeli Prime Minister Benjamin Netanyahu had accepted a “bridging proposal” from […]<\/p>\n","protected":false},"author":13,"featured_media":8673,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[175],"tags":[169,127,170,171],"class_list":["post-8608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-news","tag-gaza","tag-middle-east","tag-oil","tag-the-fed"],"acf":[],"yoast_head":"\nOil prices dip as Middle East ceasefire calms supply fears\u00a0 | Ultima Markets<\/title>\n<meta name=\"description\" content=\"On Tuesday, oil prices declined as Israel agreed to a proposal aimed at resolving disputes hindering a Gaza ceasefire, alleviating concerns over potential\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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