Oil Prices Stabilize: Gaza Ceasefire & Supply Concerns
Update: 2025-10-10
Description
Oil prices held steady after a previous dip, as a ceasefire deal between Israel and Hamas shifts market focus from geopolitical tensions to potential oversupply. The agreement, involving troop withdrawals and hostage releases, overshadowed concerns about stalled Ukraine peace talks and potential Russian oil sanctions. With OPEC+ increasing output and the looming threat of a US government shutdown impacting demand, the market faces a complex mix of factors influencing future oil prices.
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