Israel and Hamas have agreed to extend their truce for another day

<p>For markets the focus is on widening turmoil in the Middle East. The ceasefire is diminishing the prospect of further, wider, conflict.</p><p>Oil price update:</p><p>Earlier on oil:</p><ul><li><a href="https://www.forexlive.com/news/goldman-sachs-comments-on-risks-to-brent-forecast-solid-demand-us-supply-slow-down-20231201/" target="_self">Goldman Sachs comments on risks to Brent forecast; solid demand, US supply slow down</a></li></ul><ul><li><a href="https://www.forexlive.com/news/opec-statement-says-the-next-meeting-will-be-in-june-but-offers-little-else-20231130/" target="_blank" data-article-link="true">OPEC+ statement says the next meeting will be in June but offers little else</a></li></ul><ul><li><a href="https://www.forexlive.com/news/confusion-and-disobedience-angolas-bold-move-challenges-opec-20231130/" target="_self">Confusion and disobedience: Angola's bold move challenges OPEC+</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.