- Oil prices fell as traders awaited policy clarity from U.S. President-elect Donald Trump.
- Brent crude dropped by 1.05% to $79.94, and WTI crude declined by 1.07% to $77.05.
- Market uncertainty stems from potential policy shifts, including lifting LNG export moratoriums and addressing the Russia-Ukraine war.
- Recent sanctions on Russian oil and tankers tightened supply but could see adjustments under the new administration.
- A ceasefire between Israel and Hamas contributed to stabilizing prices.
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