Ammon News - Oil prices edged lower on Tuesday as Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, helping ease concerns over supply disruptions in the Middle East.

Brent crude was down 67 cents, or 0.86%, at $76.99 a barrel, as of 0600 GMT. Front month U.S. West Texas Intermediate crude futures , which expire on Tuesday, were at $73.75 a barrel, easing 62 cents, or 0.8%. The more actively traded second month contract was last down 63 cents or 0.86% at $73.03 a barrel.

Brent had fallen about 2.5% on Monday, while WTI eased 3%.

Reuters