Oil futures finished higher on Thursday, marking their first gain in four sessions. Prices have “erased the premium that was added since the Hamas attack on Israel,” said StoneX’s Kansas City energy team, led by Alex Hodes, in a Thursday note.
However, the conflict “continues to escalate, as troops press towards Gaza City today and are met with resistance from Hamas militants,” they said. “Iran continues to threaten the west, that if Israel does not pull out of Gaza, that the war will escalate, and other militant groups will get involved.” December West Texas Intermediate crude CLZ23, +2.55% rose $2.02, or 2.5%, to settle at $82.46 a barrel on the New York Mercantile Exchange.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil ends lower for the session, with U.S. prices down nearly 11% for the monthMyra 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.
Source: MarketWatch - 🏆 3. / 97 Read more »
Israel-Hamas war has potential to fuel oil-price shock that can disrupt food security: World BankMyra 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.
Source: MarketWatch - 🏆 3. / 97 Read more »
EIA reports weekly gains in U.S. crude and gasoline suppliesMyra 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.
Source: MarketWatch - 🏆 3. / 97 Read more »
Oil futures give up early gains to finish lowerMyra 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.
Source: MarketWatch - 🏆 3. / 97 Read more »
Gold prices settle lower, edge up after the Fed statementMyra 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.
Source: MarketWatch - 🏆 3. / 97 Read more »
EIA reports a 79 billion cubic foot weekly rise in U.S. suppliesMyra 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.
Source: MarketWatch - 🏆 3. / 97 Read more »