Oil Prices Decline Amid Mideast Tension and Hamas Leader's Death

Supply-and-demand dynamics push oil lower, even as Mideast tension mounts. Magnificent Seven stocks slide. The article focuses on the decline in benchmark West Texas Intermediate crude, influenced by broad risk-off sentiment and a decrease in the US manufacturing PMI, indicating potential waning demand for fuel. The killing of a senior Hamas leader in Beirut failed to significantly impact oil prices despite claims of attribution from Hamas and Lebanon.