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As per the latest update from CNN, an anonymous Hamas official hints to the news reporter that a ceasefire in Gaza is likely to take place within the next 24 hours.

More to come”¦

Market reaction”¦

The news exerts additional downside pressure on the oil prices as easing tension in the Middle East favors more supplies amid the latest doubts over the demand, mainly triggered due to the covid woes in Asia and chatters over the Fed tapering.

Read:  WTI sinks to test the bull’s commitments

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