Oil prices rise on Gaza ceasefire rejection, U.S. stock data
Oil prices gained ground on Thursday as investors considered the impact of Israel’s rejection of a ceasefire offer from Hamas and unexpected drops in U.S. fuel stocks. Brent crude futures rose 57 cents, or 0.72 per cent, to $79.78 a barrel by 1043 GMT. U.S. West Texas Intermediate crude futures…
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