Us crude oil futures fell on Tuesday. Markets continue to focus on the uncertain progress of the war in Gaza and the pending ceasefire negotiations.

WTI futures for June delivery fell 10 cents on the New York Mercantile Exchange.Bestcryptogamesonandroid, a decrease of 0.Bestcryptogamesonandroid.13%Bestcryptogamesonandroid, closing at 78 per barrelBestcryptogamesonandroid.38 dollars.

Hamas proposed a cease-fire on Monday, but the Israeli war cabinet unanimously voted to reject the agreement and decided to continue military operations in Rafah.

The Israeli Prime Minister's office subsequently issued a statement saying that although Hamas's proposal is a far cry from Israel's "core requirements," Israel will send a high-level delegation to Egypt to "maximize the possibility of reaching an acceptable agreement with Israel."

Since then, Israeli forces have occupied the Rafah crossing, sparking condemnation from Egypt, which has been mediating a cease-fire negotiation.

Oil prices have fluctuated in recent months under the influence of geopolitical risks in the Middle East, although there have been no major disruptions in crude oil supplies. Mike Wirth, Chevron chief executive, said oil prices remained within a relatively stable range, but there were still upside risks as the war approached the Strait of Hormuz. The Strait of Hormuz is the most important transit point for crude oil in the world.