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Oil Outlook: Israel-Hezbollah tensions to ease?
Since last report, Oil prices appear to have remained relatively unchanged compared to last week. Today we are to take a look at the recent easing of hostilities between Israel and Hezbollah, the data of the US oil market and OPEC’s next meeting. For a rounder view, we are to conclude the report with a technical analysis of WTI’s daily chart. On a geopolitical level, the Israeli Government has agreed in principle, to a ceasefire agreement with Hezbollah in Lebanon, with Israel’s Cabinet having accepted the proposed ceasefire agreement earlier on this week. The proposed ceasefire deal would temporarily end ... (full story)