{"id":44499,"date":"2024-08-16T19:19:09","date_gmt":"2024-08-16T19:19:09","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty"},"modified":"2024-08-16T19:39:58","modified_gmt":"2024-08-16T19:39:58","slug":"oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty","title":{"rendered":"Oil prices drop amid Middle East cease-fire prospects, Fed rate cut uncertainty"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Oil prices fell on Friday as new cease-fire and prisoner swap talks began between Israel and Hamas, amid uncertainty over the timing of a potential U.S. Federal Reserve interest rate cut.<\/p>\n

International benchmark Brent crude fell 0.4% to $80.69 per barrel at 10.31 a.m. local time (0731GMT), down from the previous session’s close of $81.04. US benchmark West Texas Intermediate (WTI) decreased 0.5% to $77.84 per barrel, after closing at $78.16 in the prior session.<\/p>\n

Both benchmarks declined following the start of talks in the Middle East, a region holding the majority of the world\u2019s oil reserves.<\/p>\n

According to comments reported by Cairo News Channel, citing a “high-level” source, there is a “genuine desire” from all parties involved in the latest cease-fire talks hosted by Qatar to reach an agreement on a cease-fire in Gaza.<\/p>\n

The source said that the first day of talks focused on unresolved issues and the implementation of the agreement, with further discussions set for the following day.<\/p>\n

The potential for a cease-fire eased supply concerns, putting downward pressure on prices.<\/p>\n

Meanwhile, uncertainty surrounding the extent of the Fed\u2019s interest rate cuts continues to weigh on the market. Analysts noted that strong retail sales data and a decline in unemployment claims on Thursday increased the likelihood of a 25 basis point cut in September, rather than a 50 basis point reduction.<\/p>\n

However, expectations for a cumulative 100 basis point cut by the end of the year remain firm.<\/p>\n

For More News And Analysis About Mauritius Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Oil prices fell on Friday as new cease-fire and prisoner swap talks began between Israel and Hamas, amid uncertainty over the timing of a potential U.S. Federal Reserve interest rate cut. International benchmark Brent crude fell 0.4% to $80.69 per barrel at 10.31 a.m. local time (0731GMT), down from the previous session’s […]<\/p>\n","protected":false},"author":84,"featured_media":44498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[2704,241,2721],"class_list":["post-44499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-brent","tag-mauritius","tag-west-texas-intermediate"],"yoast_head":"\nOil prices drop amid Middle East cease-fire prospects, Fed rate cut uncertainty - Mauritius<\/title>\n<meta name=\"description\" content=\"Oil prices fell on Friday as new cease-fire and prisoner swap talks began between Israel and Hamas, amid uncertainty ove ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices drop amid Middle East cease-fire prospects, Fed rate cut uncertainty\" \/>\n<meta property=\"og:description\" content=\"Oil prices fell on Friday as new cease-fire and prisoner swap talks began between Israel and Hamas, amid uncertainty ove ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-16T19:19:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-16T19:39:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/08\/sm_1723820877.711107.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Oil prices drop amid Middle East cease-fire prospects, Fed rate cut uncertainty\",\"datePublished\":\"2024-08-16T19:19:09+00:00\",\"dateModified\":\"2024-08-16T19:39:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty\"},\"wordCount\":261,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/08\/sm_1723820877.711107.jpg\",\"keywords\":[\"Brent\",\"Mauritius\",\"West Texas Intermediate\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty\",\"name\":\"Oil prices drop amid Middle East cease-fire prospects, Fed rate cut uncertainty - Mauritius\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/08\/sm_1723820877.711107.jpg\",\"datePublished\":\"2024-08-16T19:19:09+00:00\",\"dateModified\":\"2024-08-16T19:39:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Oil prices fell on Friday as new cease-fire and prisoner swap talks began between Israel and Hamas, amid uncertainty ove ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/08\/sm_1723820877.711107.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/08\/sm_1723820877.711107.jpg\",\"width\":864,\"height\":486,\"caption\":\"Oil prices drop amid Middle East cease-fire prospects, Fed rate cut uncertainty\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mauritius\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oil prices drop amid Middle East cease-fire prospects, Fed rate cut uncertainty\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#website\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/\",\"name\":\"Mauritius\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/mauritius\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Oil prices drop amid Middle East cease-fire prospects, Fed rate cut uncertainty - Mauritius","description":"Oil prices fell on Friday as new cease-fire and prisoner swap talks began between Israel and Hamas, amid uncertainty ove ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty","og_locale":"en_US","og_type":"article","og_title":"Oil prices drop amid Middle East cease-fire prospects, Fed rate cut uncertainty","og_description":"Oil prices fell on Friday as new cease-fire and prisoner swap talks began between Israel and Hamas, amid uncertainty ove ...","og_url":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty","og_site_name":"Mauritius","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-08-16T19:19:09+00:00","article_modified_time":"2024-08-16T19:39:58+00:00","og_image":[{"width":864,"height":486,"url":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/08\/sm_1723820877.711107.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Oil prices drop amid Middle East cease-fire prospects, Fed rate cut uncertainty","datePublished":"2024-08-16T19:19:09+00:00","dateModified":"2024-08-16T19:39:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty"},"wordCount":261,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/08\/sm_1723820877.711107.jpg","keywords":["Brent","Mauritius","West Texas Intermediate"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty","url":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty","name":"Oil prices drop amid Middle East cease-fire prospects, Fed rate cut uncertainty - Mauritius","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mauritius\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/08\/sm_1723820877.711107.jpg","datePublished":"2024-08-16T19:19:09+00:00","dateModified":"2024-08-16T19:39:58+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Oil prices fell on Friday as new cease-fire and prisoner swap talks began between Israel and Hamas, amid uncertainty ove ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty#primaryimage","url":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/08\/sm_1723820877.711107.jpg","contentUrl":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/08\/sm_1723820877.711107.jpg","width":864,"height":486,"caption":"Oil prices drop amid Middle East cease-fire prospects, Fed rate cut uncertainty"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-drop-amid-middle-east-cease-fire-prospects-fed-rate-cut-uncertainty#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mauritius\/"},{"@type":"ListItem","position":2,"name":"Oil prices drop amid Middle East cease-fire prospects, Fed rate cut uncertainty"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/mauritius\/#website","url":"https:\/\/www.africa-press.net\/mauritius\/","name":"Mauritius","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/mauritius\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/posts\/44499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/comments?post=44499"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/posts\/44499\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/media\/44498"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/media?parent=44499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/categories?post=44499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/tags?post=44499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}