Economics
Oil Trades at Two-Day High After Israel, Hamas Cease-Fire
This article is for subscribers only.
Crude futures traded near the highest level in two days in New York amid concern that a cease-fire between Israel and Hamas may not hold, putting at risk supply from the Middle East.
West Texas Intermediate oil fell 0.3 percent after a cease-fire crafted yesterday by Egypt and the U.S. halted eight days of aerial assaults that ravaged the Gaza Strip and made Tel Aviv a missile target. Floor trading in New York is closed today because of the Thanksgiving holiday. A Chinese manufacturing index signaled the first expansion in 13 months.