Oil Slips on Gaza Cease-fire, Global Shares Trim Losses

World shares rebounded and oil prices dropped on Tuesday on news of a possible Egyptian-brokered cease-fire in the Gaza conflict.

As quoted in market news: Andy Lebow – Vice President at Jefferies Bach

Yesterday’s big rally was all about fears of a wider conflict stemming from Israel and Gaza, so when the truce was announced it’s not surprising we’ve seen prices come right off

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