A top Palestinian official sought to reassure critics that a reconciliation deal with the Gaza Strip’s militant Hamas rulers doesn’t mean Palestinian President Mahmoud Abbas is backing away from peace efforts.
West Texas Intermediate oil dropped the most in more than three months, widening the discount to Brent, on projections that a government report tomorrow will show that U.S. crude stockpiles climbed last week.
West Texas Intermediate crude declined from its highest closing level in seven weeks on estimates that U.S. supplies rose last week. Brent slipped as U.S. Vice President Joe Biden met with Ukrainian leaders.
The U.S. warned Palestinian President Mahmoud Abbas it may withhold aid if he dismantles his government in response to stalled peace talks, while Israel criticized his renewed efforts to reconcile with the Gaza Strip’s Hamas rulers.