Marketmind: Oil up but restrained on Mideast jolt

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The weekend's Middle East shock adds another confusing twist to an already complicated global markets picture, but the initial jump in oil prices has been...

FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in MidlandThe weekend's Middle East shock adds another confusing twist to an already complicated global markets picture, but the initial jump in oil prices has been relatively modest so far as investors assess the geopolitical implications.

What's more, any direct connection to Iran's possible involvement would scupper any easing of sanctions there and affect an estimated 3% of world oil supply. The Wall Street Journal reported on Monday Tehran HAD helped Hamas plot the attack over several weeks. U.S. jobs increased last month by a third of a million, the most in eight months and almost twice forecasts. The report pointing to persistent labor market strength that gives the Federal Reserve license to keep interest rates higher for longer even though wage growth is slowing too.

In Europe, shares in Britain's ailing Metro Bank jumped after the lender struck a fundraising deal overnight to bolster its balance sheet following urgent weekend talks. Disturbing video shows a 25-year-old woman begging Hamas fighters not to kill her as she's taken hostage and driven into Gaza on a motorbike

"I am here to fight for my constituents and I'm here to ensure that America is not on a path to financial ruin," Gaetz told NBC News on Sunday.This month, Costco members may wonder whether they should add gold to their shopping lists. Gold bars specifically, that is. Two types of gold bars are currently for sale at Costco. These include the...

 

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