![Oil falls_0212](https://firstmetro.com.ph/wp-content/uploads/2024/02/Oil-falls_0212.png)
- Oil declined following last week’s advance after Iran’s foreign minister flagged the Israel-Hamas conflict could be moving closer to a diplomatic solution. Trading remained muted with many Asia markets closed for Lunar New Year holidays.
- Brent fell as much as 0.8% to below $82 a barrel, after gaining 6.3% last week, while West Texas Intermediate traded near $76.