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Oil Rally Takes Breather With Israel to Remove Some Gaza Troops [Financial Post (Toronto, Ontario, Canada)]

Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG) 
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Oil slipped for the first time in five sessions as Israel said it would pull some troops from Gaza, as traders wait for a series of market reports this week that will provide a snapshot on supply and demand. Brent slid more than 2% to trade near $89 a barrel after closing at the highest level in over five months on Friday. West Texas Intermediate fell under $85. Oil has rallied recently on escalating geopolitical tensions and supply shocks, raising the prospect of the global benchmark reaching triple figures. Article content Article content Israel said on Sunday that the country is removing some troops from southern Gaza, as Prime Minister Benjamin Netanyahu said victory was within reach. Still, Iran continued to prepare a response to a suspected Israeli attack on its consulate in Syria, while Hezbollah warned that it's ready for war. “The con Show less Read more
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