The case will be updated.
Hamas’ unexpected attack on Israel on Saturday directly affects oil prices.
Fighting is ongoing on Monday morning in seven to eight locations near the Gaza Strip, according to the Israeli army. During the night, Israel attacked 500 targets in the Gaza Strip.
The price of oil has risen approximately four percent since the Asian stock exchanges opened on Monday morning.
Also read: – Will have to assure Saudi Arabia of supply
Snuff at 88 dollars
According to DNB’s morning report, Brent oil is up 3.82 percent to 87.44 dollars a barrel, while WTI oil is up 4.04 percent to 85.83 dollars a barrel.
Ahead of the stock market opening, CEO Vandana Hari of Vandana Insights stated, to CNBC and:
– We can see an immediate increase in oil prices when the markets open on Monday.
– Beg and pray
World-renowned oil trader Pierre Andurand points out that global oil stocks are low and that the Saudi and Russian production cuts will lead to a decline in stocks over the next few months.
– The market will eventually have to beg for more supply from Saudi Arabia, which I don’t think will happen below 110 dollars per barrel, according to the hedge fund manager.
The Israeli army (IDF) has called in around 100,000 reservists to assist in the fight against the Palestinian movement Hamas.
There is great excitement about what will happen in the next few hours and days.
2023-10-09 05:47:50
#oil #price #air
