27.2 C
Wednesday, February 21, 2024

Related stories

COCOBOD CEO emphasizes competitive prices as key solution to cocoa smuggling

Joseph Boahen Aidoo, the Chief Executive Officer (CEO) of...

Decline in global cocoa price caused loss of GHS2bn in 2021 – COCOBOD

The Chief Executive of the Ghana Cocoa Board (COCOBOD),...

Ghana, 27 developing countries broke; no escape anytime soon – World Bank

The World Bank has revealed that 28 developing economies,...

Japan govt provides 6 Toyota Hilux pick-ups to GEA for MSMEs growth

The Ghana Enterprise Agency (GEA), under the close leadership...

Atta Akyea suggests MIIF CEO may face further inquiry on Agyapa Deal

Chairman of the Mines and Energy Committee of Parliament,...
BusinessOil prices rise as Israel rejects ceasefire offer from Hamas"


Oil prices rise as Israel rejects ceasefire offer from Hamas”

Oil prices rose on Thursday following Israel’s rejection of a ceasefire offer from Hamas and a weaker dollar. Brent crude futures increased by 0.4% to $79.56 a barrel, while U.S. West Texas Intermediate crude futures climbed 0.4% to $74.17 a barrel.

Tensions in the wider Middle East have kept the market unsettled since October, with little progress in resolving the Gaza conflict. Israeli Prime Minister Benjamin Netanyahu turned down Hamas’ latest ceasefire proposal, but U.S. Secretary of State Antony Blinken indicated room for negotiation.

- Advertisement -

Meanwhile, a Palestinian Hamas delegation, led by senior official Khalil Al-Hayya, was set to hold ceasefire talks with Egypt and Qatar in Cairo.

A weaker dollar also supported oil prices, making crude more affordable for traders holding other currencies. The dollar index fell to 104.00 at 0730 GMT.

Latest stories


Please enter your comment!
Please enter your name here