{"id":933,"date":"2026-06-04T04:12:09","date_gmt":"2026-06-04T04:12:09","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=933"},"modified":"2026-06-04T04:12:09","modified_gmt":"2026-06-04T04:12:09","slug":"oil-falls-as-lebanon-and-israel-agree-to-implement-ceasefire","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=933","title":{"rendered":"Oil falls as Lebanon and Israel agree to implement ceasefire"},"content":{"rendered":"<div><div>BEIJING, June 4 (Reuters) &#8211; Oil prices eased on Thursday as Israel and Lebanon&#8217;s ceasefire agreement boosted hopes for a \u200bbroader deal to end the U.S.-Israeli war with Iran, while \u200cthe U.S. House approved a resolution seeking to curb President Donald Trump&#8217;s war powers.<\/div><div>Brent futures were down 67 cents, or 0.69%, at $97.14 a barrel by 0015 \u200bGMT, while U.S. West Texas Intermediate CLc1 crude fell 62 \u200bcents, or 0.65%, to $95.4.<\/div><div>Both benchmarks rose about 2% on \u2060Wednesday, extending the previous session&#8217;s gains, after renewed Middle East hostilities including \u200bIranian attacks on Kuwait and U.S. military strikes near the Strait \u200bof Hormuz.<\/div><div>In the U.S., the Republican-led House approved a resolution on Wednesday to block Trump from continuing the war against Iran. To take effect, the resolution \u200bwould need Senate approval and two-thirds majorities in both chambers \u200bto override an almost certain Trump veto.<\/div><div>Trump suggested on Wednesday that there could be \u200cprogress \u2060in negotiations with Iran as soon as this weekend.<\/div><div>Iranian Foreign Minister Abbas Araqchi on Wednesday said Tehran&#8217;s contacts with Washington have not been cut off, but no progress has been made in the \u200bnegotiations, adding both \u200bsides were \u2060studying the texts that were exchanged.<\/div><div>Meanwhile, U.S. crude stockpiles fell by 8 million barrels to 433.7 million barrels \u200bin the week ended May 29, the Energy Information \u200bAdministration \u2060said on Wednesday. That compares with analysts&#8217; expectations in a Reuters poll for a 4-million-barrel draw.<\/div><div>Haitong Futures said in a note that oil \u2060prices are \u200blikely to move toward the upper \u200bend of their range due to a persistent supply-demand imbalance as global crude inventories \u200bfall rapidly.<\/div><div><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"Lewis Jackson\" class=\"wp-image-932\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/7344374cef275c14aa46012883a4ea5c.avif\"\/><\/figure>\n<\/noscript><\/div><div>Lewis Jackson<\/div><\/div><div><ul><li><span><div><svg><title>Email<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>X<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>Linkedin<\/title><\/svg><\/div><\/span><\/li><\/ul><\/div><\/address><\/div><\/div><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=930\">Israel and Lebanon agree to implement ceasefire<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=928\">US Senate advances ICE bill as Democrats aim to make Trump a liability for Republicans<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=926\">Republican backlash intensifies over Trump spy chief pick<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Oil prices eased on Thursday as Israel and Lebanon&#8217;s ceasefire agreement boosted hopes for a \u200bbroader deal to end the U.S.-Israeli war with Iran, while \u200cthe U.S. House approved a resolution seeking to curb President Donald Trump&#8217;s war powers.<\/p>\n","protected":false},"author":1,"featured_media":931,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[21,29],"class_list":["post-933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-energy","tag-transport-fuels"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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