Ceasefire Between Hamas And Israel Agreed, Oil Slides

And the Israeli update: ISRAEL HAS AGREED TO TRUCE IN GAZA, BUT WILL NOT LIFT BLOCKADE -ISRAELI SOURCES

This is not the first time we have had rumor of a ceasfire between Hamas and Israel, but this one may be for real. If only briefly. From Reuters:

• CEASEFIRE BETWEEN HAMAS AND ISRAEL AGREED -PALESTINIAN OFFICIAL WITH KNOWLEDGE OF TALKS

Oil appears unwilling to wait for any confirmation from the Israeli side and promptly slides.

We have seen this before...

ZeroHedge