Oil Prices Remain Subdued on the Prospect of an Israel-Lebanon Ceasefire ...Middle East

Crude oil prices remained subdued after falling to the lowest in a month earlier in the week, as Israel indicated it was ready to negotiate an end to the hostilities with Lebanon. At the time of writing, Brent crude was trading at $71.76 per barrel, and West Texas Intermediate was changing hands at $67.91 per barrel, both slightly up from opening in Asian trade. “A hefty plunge in oil prices since the start of the week may call for an attempt to stabilise in today’s session, but overall gains remain limited, given the lack of bullish…

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