Doha: Oil prices were little changed on Thursday as investors weighed a ceasefire deal in Gaza that could ease geopolitical tensions in the Middle East against stalled peace talks in Ukraine. Brent crude futures rose 2 cents to $66.27 a barrel, while US West Texas Intermediate crude fell 1 cent to $62.54.

According to Qatar News Agency, prices had gained around 1% on Wednesday, reaching a one-week high. This increase was due to investors interpreting stalled progress on a Ukraine peace deal as an indication that sanctions against Russia will continue for some time.