- Israel’s Netanyahu says Gaza operations ‘yet to be completed’
- China’s apparent oil demand fell from a year earlier
Oil fell, posting its largest weekly decline in more than a year, as the US revived a push to end the conflict in the Middle East and China’s crude demand slipped.
West Texas Intermediate slid more than 2% to settle around $69 a barrel, while Brent retreated to settle near $73 a barrel. WTI posted a weekly decline of 8.4%, the biggest since October 2023. Israel’s killing of Hamas leader Yahya Sinwar led US President Joe Biden to renew calls for a cease-fire in Gaza, although Prime Minister Benjamin Netanyahu said operations are “yet to be completed.”
