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OIL: Oil Slips on Israel/Hezbollah Peace Headlines by Axios

OIL

Oil prices slip on Axios headline suggesting a deal between Israel and Hezbollah has been reached.

  • Brent JAN 25 down -1.6% at 73.96$/bbl
  • WTI JAN 25 down -1.8% at 69.93$/bbl
  • Oil markets have priced some risk premium in on the conflict over fears of retaliations on Iranian oil infrastructure though nothing has materialised in the conflict so far.
  • "ISRAEL AND LEBANON HAVE AGREED TO THE TERMS OF AN AGREEMENT TO END THE ISRAEL-HEZBOLLA CONFLICT -AXIOS CITING U.S. OFFICIAL" - RTRS.
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Oil prices slip on Axios headline suggesting a deal between Israel and Hezbollah has been reached.

  • Brent JAN 25 down -1.6% at 73.96$/bbl
  • WTI JAN 25 down -1.8% at 69.93$/bbl
  • Oil markets have priced some risk premium in on the conflict over fears of retaliations on Iranian oil infrastructure though nothing has materialised in the conflict so far.
  • "ISRAEL AND LEBANON HAVE AGREED TO THE TERMS OF AN AGREEMENT TO END THE ISRAEL-HEZBOLLA CONFLICT -AXIOS CITING U.S. OFFICIAL" - RTRS.