INSUBCONTINENT EXCLUSIVE:
Oil prices experienced their second consecutive day of losses, but they maintained the $80 mark, concluding the week positively
The Brent crude contracts for March settled down 0.61% at $80.79 per barrel on the Intercontinental Exchange in London.Despite this dip,
Brent recorded a weekly increase of 1.12%, marking its fourth consecutive week of gains
Meanwhile, West Texas Intermediate (WTI) contracts for March fell 0.59% to $77.39 per barrel on the New York Mercantile Exchange.However,
WTI still managed a weekly rise of 2.15%
agreement in Gaza.This decision enables the return of hostages from Gaza as early as Sunday, November 19, and brings an end to 15 months of
In the first phase of this three-stage agreement, Hamas will release 33 Israeli hostages.This group includes all women, children, and men
In exchange, Israel will free all women and Palestinian youths under 19 held in Israeli prisons by the end of this phase.Oil Prices Drop but
End Week with Gains Over 1%
(Photo Internet reproduction)The total number of Palestinians released may range from 990 to 1,650, depending on the number of hostages
If successful, this ceasefire could further ease hostilities in the region.Escalating Gaza ConflictThe Gaza conflict has expanded to involve
Bank.Additionally, on the previous day, the Houthis indicated a potential end to their attacks on ships in the Red Sea
These assaults had disrupted global shipping for over a year, forcing companies to reroute their vessels around Africa at higher
costs.Throughout the week, oil prices rose over 1% due to U.S
sanctions on Russian oil and their ongoing effects on market dynamics
Investors remain cautious about how President-elect Donald Trump will approach this issue when he assumes office on Monday, November 20.
