Crude oil futures fell more than 2%, driven by reports of a potential ceasefire agreement in Lebanon.

November 26, 2024, 6:36 AM GMT+9

In trading on the 25th, crude oil futures fell by over $2. Reports suggest that an agreement on a ceasefire between Israel and the Hezbollah armed group, supported by Iran and operating in Lebanon, could be reached in the next few days.
Settlement prices are $73.01 per barrel, down 2.16 dollars (2.87%) for North Sea Brent futures, and $68.94 for US WTI futures, down 2.30 dollars (3.23%).
Israeli government spokesperson David Menashe said, "We are moving towards an agreement, but there are still several issues to be resolved." On the other hand, while there were cautious but optimistic views from the Lebanese side, some see Israeli Prime Minister Netanyahu as untrustworthy.