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Oil prices little changed as U.S. moves to replenish reserve, Gaza cease-fire still uncertain [MSNBC.com]
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Hundreds of Palestinians, including women and children living in east part of Rafah, migrate to the west part of the Khan Yunis with their few belongings loaded on vehicles following the Israel's announcement on the evacuation of neighborhoods, in Khan Yunis, Gaza on May 6, 2024.Ashraf Amra | Anadolu | Getty ImagesCrude oil futures were little changed Tuesday as the U.S. moved to replenish the strategic petroleum reserve and a potential cease-fire in Gaza remained uncertain.The U.S. Department announced a bid for the purchase of 3.3 million barrels to help replenish the strategic petroleum reserve, lifting oil prices earlier in the session before they ultimately closed lower.The oil market has grown tighter with global inventories declining by 300,000 barrels per day so far this year as OPEC+ has largely adhered to its production cuts, according to a report from the Information Administration.Here are Tuesday's closing energy prices:Stock Chart IconStock chart iconWTI vs. .There rem
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