Oil prices fell in early Asian trade on Monday after Israel said it had"concluded" a series of strikes in southern Gaza , slightly easing concerns about supply from the Middle East . Brent crude futures were down 43 cents, or 0.5 per cent, at $81.76 a barrel, while U.S. West Texas Intermediate crude futures were 46 cents, or 0.6 per cent lower, at $76.38 a barrel at 0135 GMT.
Geo-political risks including a feared broadening of the Israel-Palestinian conflict across the region and potential oil supply disruption in the Middle East pushed prices up by about 6 per cent last week. The Israeli military said on Monday it had conducted a"series of strikes" on southern Gaza that have now"concluded," days after Israeli Prime Minister Benjamin Netanyahu rejected a ceasefire proposal from Hamas. While supply concerns in the Middle East remained relatively heightened, news from the U.S. eased some worries. U.S
Oil Prices Israel Gaza Supply Middle East
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