INSUBCONTINENT EXCLUSIVE:
Oil prices saw a decline on Monday as tensions in the Middle East eased following reports that Israel had scaled back its ground forces in
the southern part of the Gaza Strip.This development comes after oil prices surged last week
On the NY Mercantile Exchange, May delivery WTI dropped 0.55% ($0.48) to $86.43/barrel.Similarly, Brent crude for June delivery dropped by
intensified its urging on Israeli Prime Minister Benjamin Netanyahu.Oil Prices Drop as Israel Reduces Troops in Southern Gaza
push for more aid and Gaza civilian safety has noticeable effect, amid Israel-Gaza ceasefire deadlock.Despite Netanyahu announcing on Monday
that a date had been set for an Israeli invasion of Rafah.Israel has also targeted other adversaries in recent days, including the Lebanese
group Hezbollah, while talks for a potential truce in Gaza are underway.Without significant geopolitical shifts, the contracts found room
temporary drop.Morgan Stanley analysts raised the third-quarter Brent crude forecast to $94, citing geopolitical risk adding $4 to their
