BEIJING: Oil prices rose in early Asian trading after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza and ease tension in the Middle East.
A fresh round of Israel-Hamas ceasefire discussions in Cairo had ended a multi-session rally on Monday, leading Brent to its first decline in five sessions and WTI its first in seven on the prospect that geopolitical risks could ease. Hamas rejected the latest Israeli ceasefire proposal made at the talks in Cairo, a senior Hamas official also said on Monday.
Tehran said last week that it would take revenge after an airstrike that killed two of its generals and five military advisors in Damascus, although Israel has not claimed responsibility for the attack.
Oil Petroleum Brent WTI Crude Opec
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