Analysts warn that oil could top $100 a barrel if the conflict escalates.
An uneasy calm is hanging over markets early Monday as Israel prepares a ground invasion of Gaza a week after Hamas attacked.
Crude prices were little changed, swinging between small gains and losses. West Texas Intermediate was down 0.2% at $87.53. Brent crude, the international benchmark, was down 0.4% at $90.56. Both contracts have gained over the past five days but are still down about 5% from a month ago. Conflicts in the Middle East have a history of upending the oil market. After a series of Israeli air attacks on Gaza in preparation for a ground assault, diplomats are scrambling to get citizens out of the area and prevent the conflict from spreading to include Lebanon or Iran.
Hamas terrorists attacked Israel a week ago, killing 1,400. President Joe Biden is considering visiting the region. Secretary of State Antony Blinken will return to Israel on Monday after meeting with seven Arab leaders in six nations. Analysts have warned that oil prices could jump to $100 a barrel if more countries get involved in the war.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Can gas prices keep falling if oil prices surge?U.S. pump prices continued to fall this weekend even as the violence in Israel and the Gaza Strip pushed oil prices higher. Pump prices may reverse if the fighting escalates.
Lire la suite »
SLO County gas prices going down, find lowest pricesBy KAREN VELIE Amid lower demand and less expensive winter gas blends, the average price for a gallon of gas in San Luis Obispo County fell 16 cents
Lire la suite »
$15K Drop In EV Prices Led By Tesla, As Model 3, Model Y Prices FallI was a founding member of CNET news and hardware editor at CNET, a contributing technology reporter for the New York Times, and a reporter and editor at the Asian Wall Street Journal Weekly -- the latter in Japan, where I lived for ten years.
Lire la suite »
Oil prices dip with Israel-Hamas war, more economic cues in focusOil prices dip with Israel-Hamas war, more economic cues in focus
Lire la suite »
Oil prices in spotlight as Iran warns of escalation of Israel-Hamas war‘There is a risk of an escalation of this conflict,’ White House national security adviser Jake Sullivan says
Lire la suite »
Oil prices ease as investors assess impact of Israel-Hamas warOil prices ease as investors assess impact of Israel-Hamas war
Lire la suite »