Oil has dribbled lower - Gaza ceasefire talks, US inflation cited ...Middle East

Oil opened lower in Sunday evening futures trade and its continued to lose some ground. Cited have been:Israel-Hamas peace talks in Cairo have taken some fear of a wider conflict in the Middle East: Reuters reported that a delegation from Hamas will visit Cairo on Monday for peace talks Israel's foreign minister said on Saturday a planned incursion into Rafah could be put off in the event of a deal that involves the release of Israeli hostagesA more hawkish tone from the Federal Open Market Committee (FOMC) this week:It's a huge week ahead - the FOMC is the highlight but there are plenty of others This article was written by Eamonn Sheridan at www.forexlive.com.

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