Pakistan, Oct. 10 -- SINGAPORE - Oil prices slipped slightly on Friday as traders reacted to easing geopolitical risks following a landmark ceasefire agreement between Israel and Hamas, marking the first phase of US President Donald Trump's plan to end the Gaza war.

Brent crude futures were down 7 cents at $65.15 per barrel by 03:38 GMT, while US West Texas Intermediate (WTI) fell 2 cents to $61.49. The decline followed a 1.6% drop in the previous session.

Read More: Pakistan Successfully Tests Fatah-4 Missile With 750km Range

Under the newly ratified deal, Israel will partially withdraw from Gaza, and Hamas will release all remaining hostages in exchange for hundreds of prisoners held in Israel. The truce has significantly reduced the...