‘My hope is by next Monday we will have a ceasefire,’ Biden told reporters.
Crude oil futures fell Tuesday after President Joe Biden indicated that a ceasefire in the Israel-Hamas war could come in the next week.
The West Texas Intermediate contract for April fell 17 cents, or 0.22%, to $77.41 a barrel. Brent April futures dropped 15 cents, or 0.18%, to $82.38 a barrel.
“My national security adviser tells me that we’re close — close but not done yet,” Biden told reporters in New York City.
