Oil prices have slipped on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering US gasoline demand also weighed on prices.
Blinken met Arab foreign ministers and Egypt's President Abdel Fattah el Sisi in Cairo as negotiators in Qatar centred on a truce of about six weeks. In the United States, the world's top oil consumer, gasoline product supplied, a proxy for demand, slipped below 9 million barrels for the first time in three weeks, indicating a possible slowdown in crude demand.
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