nn777com| U.S. crude oil futures fell on Tuesday, markets continue to focus on the Gaza war and the ceasefire agreement

Us crude oil futures fell on Tuesday. The market continues to pay attention to uncertainty.Nn777comThe progress of the Gaza war and pending cease-fire negotiations.

As of press time, West Texas Intermediate (WTI) for June delivery on the New York Mercantile Exchange fell 16 cents, or 0.Nn777com.2%, at 78 per barrelNn777com.32 dollars.

Brent crude for July delivery on InterContinental Exchange fell 18 cents, or 0.22%, to $83.16 a barrel.

After Hamas put forward its own acceptable cease-fire proposal on Monday, the Israeli war cabinet unanimously voted to reject the agreement and decided to continue its military operation in Rafah.

The Israeli Prime Minister's office subsequently issued a statement saying that although Hamas's proposal is a far cry from Israel's "core requirements," Israel will send a high-level delegation to Egypt to "maximize the possibility of reaching an acceptable agreement with Israel."

Since then, the Israeli army has occupiedNn777comThe Rafah crossing drew condemnation from Egypt, which has been mediating a cease-fire negotiation.

Oil prices have fluctuated in recent months under the influence of geopolitical risks in the Middle East, although there have been no major disruptions in crude oil supplies. Mike Wirth, Chevron chief executive, said oil prices remained within a relatively stable range, but there were still upside risks as the war approached the Strait of Hormuz. The Strait of Hormuz is the most important transit point for crude oil in the world.