Oil prices dipped today in another choppy session as some of the war fears have continued to fizzle despite an ongoing ground operation in Gaza. “We’ve taken some of the war premium out of the prices,” said Phil Flynn, analyst at Price Futures Group. Investors, however, are still weary that the conflict could escalate to other parties. “While Middle East developments have yet to affect oil, as the ground invasion intensifies, the risk of involvement from Iran rises, fueling tight supply concerns,” said Fiona Cincotta, senior financial market analyst at City Index. US crude production rose to 13.05MM/bpd the EIA said. WTI traded down $1.29 or -1.6% to close $81.02. Brent traded down $1.33 or -1.4% to close at $85.02.