Crude oil prices are on course for another weekly decline following the news of a ceasefire between the Israeli government and Hamas, which was ratified today by Tel Aviv. At the time of writing, Brent crude was trading at $64.90 per barrel, with West Texas Intermediate at$61.28, as the Middle East war premium vanished. “This (deal) saw the focus move back to the impending oil surplus, as OPEC proceeds with the unwinding of production cuts,” ANZ analyst Daniel Hynes wrote in a note earlier today, as cit ...