He oil price falls this Monday in anticipation of reaching a ceasefire in Gazaafter Israel and Hamas resumed talks with the mediation of Qatar and Egypt. The crude oil market is also keeping an eye on the Impact of Hurricane Beryl and the possible interruption of energy supplies in the US. In this sense, the barrel Brenta reference in Europe, fell by 0.65% to 85.98 dollars, while the barrel West Texas Intermediatethe benchmark in the US, lost 0.70% to $82.59. «If something concrete comes out of the ceasefire talks, for now will take some geopolitical supply out of the market«says Tony Sycamore, an analyst at IG. Israeli Prime Minister, Benjamin Netanyahuannounced this Sunday a New list with four «non-negotiable» conditions to resume contacts with Hamas in view of the possible release of the hostages held in the Gaza Strip. The first point states that any agreement will allow Israel to return to combat until their war aims are met. The second aspect indicates that «arms trafficking will not be possible across the Gaza-Egypt border for Hamas.» Thirdly, «nor the return of thousands of armed terrorists will be possible north of the Gaza Strip» and finally «Israel to maximize number of live hostages who will return from Hamas captivity.» After this new proposal was announced, Hamas has met with other leaders of «Palestinian resistance» factions to study it and has announced that «as part of the joint national work and continuous communication in the face of Zionist aggression and the heroic firmness of our people, a delegation of Hamas leaders met with the Secretary General of Islamic Jihad, Ziyad Nakhala, and the Deputy Secretary General of the Popular Front for the Liberation of Palestine, Jamil Mezher.» In fact, Hamas has explained that «The detailed ideas exchanged with the mediators were reviewed» and emphasized that the objectives of the resistance are to stop the aggression on our people, withdraw the occupation forces, provide relief to our people and reconstruction, as well as a fair prisoner exchange agreement.» «Weekly settlement prices suggest that Investors liked what they saw Despite oil's profit-taking ahead of the weekend, which continues this morning ahead of the prospect of resumption of ceasefire talks between Israel and Hamas and the closure of the Texas ports,» adds Tamas Varga, a strategist at PVM. In this regard, the market is also keeping an eye on the Hurricane Beryl which has caused the ports of Corpus Christi, Houston, Galveston, Freeport and Texas City to remain closed due to the possibility of landfall on Monday. port closures could temporarily halt crude oil and liquefied natural gas exports, oil shipments to refineries and motor fuel deliveries from those plants. «While this puts some offshore oil and gas production at risk, the concern when the storm makes landfall is the potential impact it could have on refinery infrastructure«, concludes ING.