[New York Oil Price]Israel Signals Lebanon Talks as Oil Pares Gains - WTI Up 3.7%

Oil prices rebounded 3.7% as WTI closed at $97.87 per barrel, paring earlier gains above $102 after Israeli PM Netanyahu signaled willingness to negotiate with Lebanon, easing concerns over Iran's Strait of Hormuz blockade that had threatened global crude supplies amid escalating Middle East tensions.