Oil prices fell more $2 per barrel on Monday after reports emerged that Israel and Lebanon have agreed to the terms of a deal to end the Israel-Hezbollah conflict. Brent crude for January delivery fell 2.75% to trade at $73.10 per barrel at 11.45 am ET while WTI crude fell 2.70% to $69.36 per barrel.
Reuters reported on Monday that a senior Israeli official said the country’s cabinet would meet on Tuesday to approve a ceasefire deal with Hezbollah, while a Lebanese official said Beirut had been told by Washington that an accord could…Oil Prices Fall On Possible Mid-East Peace Deal
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