Oil Prices Drop as War Premium Evaporates

Crude oil prices slumped today following the news that Israel had accepted a proposal aimed at solving disagreements on a plan for ceasefire in Gaza. Brent crude dropped below $78 per barrel in midmorning Asian trade and West Texas Intermediate slipped below $74 per barrel earlier in the day, with little in the way of bullishness to arrest the slide. Find our full list of prices for over150 oil and fuel blends here “Prices seem to find some headwinds from geopolitical developments in the Middle East and China's demand outlook,” IG strategist…