💨 Abstract

Oil prices fell on Thursday due to a ceasefire deal in the Gaza strip and a potential halt in Houthi attacks on ships in the Red Sea. Strong U.S. retail sales also weighed on prices as they suggested a cautious approach by the Federal Reserve to cutting interest rates. However, prices recovered slightly after comments by Federal Reserve Governor Christopher Waller.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖