Oil up as Israel, Hezbollah trade accusations of ceasefire violation
Oil prices ticked up on Thursday after Israel and Lebanese armed group Hezbollah traded accusations that their ceasefire had been violated, and as Israeli tanks fired on south Lebanon.
OPEC+ also delayed by a few days a meeting likely to extend production cuts.
Brent crude futures edged up by 30 cents, or 0.4%, to $73.13 a barrel by 1741 GMT. U.S. West Texas Intermediate crude futures were up 23 cents, 0.3%, at $68.93. Trading was thin because of the U.S. Thanksgiving holiday.
Israel's military said the ceasefire was violated after what it called suspects, some in vehicles, arrived at several areas in the southern zone.
The deal, which took effect on Wednesday, was intended to allow people in both countries to start returning to homes in border areas shattered by 14 months of fighting.
The Middle East is one of the world's major oil-producing regions, and while the ongoing conflict has not so far not impacted supply it has been reflected in a risk premium for traders.
Source: Reuters
