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- Oil prices rose as negotiations for a Gaza ceasefire between Israel and Hamas showed no progress, raising concerns about regional instability.
- Market optimism over potential U.S. interest rate cuts also supported oil prices, further boosted by a weaker dollar.
- Persistent fears of an economic slowdown in China tempered the overall gains in crude prices.
Oil Prices Increase Amid Ongoing Gaza Conflict and No Ceasefire Agreement
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