Oil prices were down today and are slightly lower week over week on the possibility of a ceasefire in Gaza. “Everyone is watching for what the weekend will bring with Gaza,” said John Kilduff, partner with Again Capital LLC, adding that successful peace talks would prompt Yemen’s Houthi rebels to allow oil tankers to pass through the Red Sea. Meanwhile, the U.S. dollar was set for a second week of broad gains after the Swiss National Bank’s surprise interest rate cut on Thursday bolstered global risk sentiment. While a possible ceasefire meant crude might move more freely globally, a lower U.S. oil rig count and the potential for easing U.S. interest rates helped support prices. The U.S. oil rig count fell by one to 509 this week, according to Baker Hughes data, indicating lower future supply. WTI traded down $.44 to close at $80.63. Brent traded down $.35 to close at $85.43.