Oil prices rose on Tuesday, steadying after falling more than $2 a barrel in the previous session on reports of a potential ceasefire between Israel and Lebanon's Hezbollah. Brent crude futures were up 53 cents,

Oil prices ticked up in early trade on Tuesday after falling in the previous session as investors took stock of a potential ceasefire between Israel and Hezbollah, weighing on oil's risk premium. Brent crude futures rose 29 cents,

Oil prices declined over USD2 a barrel on Monday following several reports that Israel and Lebanon had approved to the policies of an agreement to fi

Oil prices fell more than $2 a barrel on Monday after multiple reports that Israel and Lebanon had agreed to the terms of a deal to end the Israel-Hezbollah conflict, citing unnamed senior U.S. officials.

Israel and Hezbollah were close to signing a ceasefire agreement to end hostilities in Lebanon, Axios reported on Sunday, citing Israeli and U.S. officials. Israel daily The Times of Israel also reported that Prime Minister Benjamin Netanyahu was holding high-levels talks over the deal, which was brokered by U.S. officials.

The Israeli ambassador to Washington says that a ceasefire deal to end fighting between Israel and the Lebanon-based Hezbollah could be reached “within days.”

Oil prices rose on Tuesday after falling more than $2 a barrel in the previous session as investors took stock of a potential ceasefire between Israel and Lebanon's Hezbollah, which had weighed on oil's risk premium.

The ceasefire between Israel and Lebanon’s Hezbollah militants has begun as a region on edge wonders whether it will hold. Israel has said it will attack if Hezbollah breaks the ceasefire agreement, which was announced Tuesday.