By Adedapo Adesanya The oil market rose on Monday as a ceasefire agreement between Hamas and Israel made no progress, leaving the Brent crude grade closing higher by 37 cents or 0.5 per cent at $83.33 a barrel and the US West Texas Intermediate (WTI) crude grade growing to $78.48 a barrel. Last week, both contracts posted their steepest weekly loss in three months, with Brent falling more than 7 per cent and WTI down 6.8 per cent, as investors weighed weak US jobs data and the possible timing of a Federal Reserve interest rate cut. On Monday, Israel said
Oil Market Rises as Israel, Hamas Ceasefire Deal Drags
