HEADLINES:

Oil Prices Edge Lower as Exports Resume and Israel-Gaza Ceasefire Takes Effect

AM:10:14:20/10/2025

440 View

+ -

Brent crude oil was trading at $61.12 a barrel on Monday, down slightly from the previous session’s close.

U.S. West Texas Intermediate (WTI) crude also fell marginally to $57.36 a barrel.
The slight decline in oil prices follows the resumption of oil exports from the Kurdistan region and the announcement of an Israel-Gaza ceasefire after both Hamas and Israel agreed to exchange hostages.