Crude Oil Futures Settle at $90.38: Market Analysis and Insights
Monday, 8 April 2024, 19:02
Crude Oil Futures Settlement Update
Crude oil futures settled at $90.38, experiencing a slight decline of $-0.79 or -0.87%. The day saw a high of $87.07 and a low of $84.72.
Geopolitical Influences
Price fluctuations were driven by diminishing tensions in Israel surrounding potential military actions in Rafah. Conflicting reports highlighted negotiations, rejected proposals, and uncertainties, causing volatility.
- US presented a hostage release proposal to Hamas
- Hamas rejected the cease-fire offer
- Israel expressed plans for a Rafah invasion
- Reports on conflicting messages from the White House
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.