Crude prices are giving back some gains after an initial spike in reaction to Hamas’ attack.
Oil prices were falling early Tuesday, giving back some gains after an initial spike in reaction to Hamas’ attack on Israel.
Crude prices rose around 4% on Monday as traders reacted to the prospect of further conflict in the Middle East and potential reactions from Saudi Arabia and Iran. However, the rise was relatively limited with prices not reaching the $90-a-barrel levels where they stood a week ago.
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Stock market today: Oil gains while share prices fall after Israel strikes back at Hamas attackOil prices have surged and share prices are mostly lower after the the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip. U.S. futures declined and oil prices fell back slightly after gaining more than $3 a barrel. Israel announced it was moving to support its currency, the shekel. Tokyo and several other Asian markets were closed for holidays on Monday. The bond market in the U.S. will be closed Monday for the Columbus Day holiday. On Friday, Wall Street rall
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U.S. stock futures fall, oil prices surge as Hamas attack on Israel rattles investorsU.S. stock-index futures fell and oil prices jumped late Sunday, as investors were rattled by geopolitical uncertainty after Hamas launched a surprise...
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Stock Market Today: Dow Futures Fall, Oil Gains on Israel-Hamas ConflictLive coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
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Oil prices remain elevated as Hamas attack on Israel raises supply concernsBarbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter bkollmeyer.
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Oil prices climb by more than 4% as Hamas attack on Israel raises supply concernsMyra P. Saefong, assistant global markets editor, has covered the commodities sector for MarketWatch for 20 years. She has spent the bulk of her years at the company writing the daily Futures Movers and Metals Stocks columns and has been writing the weekly Commodities Corner column since 2005.
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Two ways Israel-Hamas war could lead to much higher oil pricesWall Street analysts cautioned that oil prices could rise further as the latest conflict takes shape in the Middle East.
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