Oil Steadies As Investors Assess Gaza Deal and Ukraine Talks Stall

Oil prices were little changed on Thursday as investors weighed a ceasefire deal in Gaza that could ease geopolitical tensions in the Middle East against stalled peace talks in Ukraine.

Brent Crude futures rose 2 cents to $66.27 a barrel.

US West Texas Intermediate crude fell 1 cent to $62.54.

Prices had gained around 1% on Wednesday to reach a one-week high after investors viewed stalled progress on an Ukraine peace deal as a sign that sanctions against Russia will continue for some time.