February 10, 2025 17:07 GMT
AMERICAS OIL: WTI Crude Oil Moving Up on Delay to Weekend Hostage Release
AMERICAS OIL
WTI Crude Oil Moving Up on News That Weekend Hostage Release by Hamas Had Been Postponed in Violation of Ceasefire Deal
• WTI APR 25 up 1.9% at 72.33/bbl
• Israeli Defense Minister Katz said Hamas’ action “is a violation of the ceasefire. I have instructed the IDF to prepare at the highest level of alert for any possible scenario in Gaza and to protect the communities. We will not allow a return to the reality of October 7.”
• Red Sea related tensions had eased back on earlier success in the ceasefire, now potentially at risk.
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