"Oil Rallies as Israel Rejects Ceasefire Offer, Market Analysis for Feb. 8"
TL;DR Summary
Oil markets rally as Israel rejects Hamas ceasefire proposal, with WTI oil moving towards $76.00 and Brent oil rebounding above $81.00 amid rising tensions in the Middle East. Meanwhile, natural gas retreats as traders react to the EIA report showing a decline in working gas in storage, with WTI oil and Brent oil gaining upside momentum due to geopolitical concerns and technical factors.
- Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Israel Rejects Hamas Proposal FX Empire
- Oil heads for weekly gains after Israel rejects ceasefire offer Reuters
- Oil rises for fourth day after Israel rejects Hamas proposal, U.S. kills militant commander CNBC
- Latest Oil Market News and Analysis for Feb. 8 Bloomberg
- Oil Markets Aren't Moving, but Traders Are Piling Their Money Into It Markets Insider
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