WTI taps $85.50, Crude Oil rebounds on Gaza headlines

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• WTI hit $85.50 as markets react to Israel expanding ground operations in the ongoing Gaza conflict.
• Reported progress on cease-fire talks appear to be having little effect.
• Crude Oil to remain prone to upside risks as geopolitical tensions weigh.

West Texas Intermediary (WTI) shot to a three-day high above $85.00 per barrel following reports of a rapid escalation of Israeli ground attacks in Gaza, alongside complete disruption of internet and telephone communications in the Gaza Strip.