The prices of oil They fell slightly on Tuesday, in a movement that began on Monday due to the expectation of a de-escalation in the Middle East.
The price of a barrel of Brent from the North Sea for delivery in December fell 0.42% to $71.12.
Meanwhile, West Texas Intermediate (WTI) for delivery in the same month lost 0.25% to $67.21.
The market reacted to press reports according to which the Israeli army “announced that it achieved its objectives in Lebanon,” summarized Robert Yawger of Mizuho USA.
On Monday, Brent and WTI prices each collapsed more than 6% after traders noted that Israel attacked Iranian military sites on Saturday in response to Iran’s October 1 attack, leaving it off-target. oil facilities.
Israel also announced Monday that it spoke to foreign negotiators meeting in Qatar about a new draft agreement for the release of hostages held in Gaza.
The Middle East is experiencing the “most dangerous moment” in “decades,” the UN envoy for the region, Tor Wennesland, warned the Security Council, referring to the war in Gaza, Lebanon, Yemen, Syria and the “escalations” between Iran and Israel.
In addition, an Israeli bombing killed almost a hundred people in the northern Gaza Strip early Tuesday morning, where the Israeli army has intensified its air and ground operations against the Palestinian Islamist movement Hamas since September.
The attack on a residential building in Beit Lahia left 93 dead and 40 missing, said the spokesman for the Gaza Civil Defense agency, Mahmud Basal.
WITH INFORMATION FROM AFP
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