![A potential ceasefire in Gaza and the strengthening dollar caused oil to drop](https://market-tracker.in/wp-content/uploads/2024/03/oilrigandworker-1b7c51875770480e841bef31c5672556-1-600x400.jpg)
A potential ceasefire in Gaza and the strengthening dollar caused oil to drop
The prospect of a truce in Gaza took a toll on oil prices on March 22, further dented by a stronger currency and a decline in demand for gasoline in the United States. To futures contracts, the price of Brent Crude dropped by 0.5% to $85.36 a barrel. Similarly, US oil futures dropped 0.5% to…