• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 14 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 11 days Does Toyota Know Something That We Don’t?
  • 9 hours "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 5 days America should go after China but it should be done in a wise way.
  • 12 hours World could get rid of Putin and Russia but nobody is bold enough
  • 10 hours How Far Have We Really Gotten With Alternative Energy
  • 1 day The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 2 days Even Shell Agrees with Climate Change!
  • 13 days China is using Chinese Names of Cities on their Border with Russia.
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Breaking News:

OPEC Lifts Production in February

New Tech Enhances Safety and Performance of Lithium Ion Batteries

New Tech Enhances Safety and Performance of Lithium Ion Batteries

Researchers at Incheon National University…

This Might Be The Fastest Way to Double U.S. Grid Capacity

This Might Be The Fastest Way to Double U.S. Grid Capacity

Upgrading existing lines using advanced…

Oil Rises Ahead of Weekly Inventory Data

Oil Rises Ahead of Weekly Inventory Data

Preview Text: Crude continues to…

Editorial Dept

Editorial Dept

More Info

Premium Content

Uncertainty in Oil Markets Amid Rumors of a Ceasefire in Gaza

Politics, Geopolitics, and Conflict

Oil prices had a particularly volatile Thursday, tanking on Qatari rumors that Israel and Hamas had agreed to a ceasefire deal, and then recovering shortly afterward when the source of the rumor, Al Jazeera, removed the tweet suggesting the ceasefire. The markets are particularly sensitive to rumors these days, making them extremely volatile. While there has been no confirmation of any ceasefire deal, later on Thursday night, UK Foreign Secretary David Cameron told reporters that Britain might officially recognize a Palestinian state without waiting for the outcome of talks between Israel and the Palestinians if a ceasefire were to be forthcoming.

The other big market-moving geopolitical news is tensions with Iran, following the death of three American soldiers at a base in Jordan, which the U.S. has blamed on the Islamic Resistance in Iraq, which is linked to Iran-backed Kata’ib Hezbollah. The drone used in the attack is also said to have been Iranian-made. Earlier this week, Biden said he had determined a response for these deaths, with officials confirming later that there would be a series of targeted attacks on Iran proxies in Syria and Iraq. However, following the incident, Kata’ib Hezbollah said it had suspended attacks under pressure from Tehran and Baghdad. The group has launched dozens of attacks against U.S. forces in Iraq and ultimately it will be blamed for the death of the three soldiers in Jordan. The…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News