Oil prices fall as investors assess impact of Israel-Hamas war
Monday, 16 October 2023 Oil prices fell on Monday, undoing some of Friday's gains, as investors are cautious about the potential impact of the Israel-Hamas conflict on oil supplies and the global economy. Brent futures dropped 0.4% to $90.55 per barrel, while U.S. West Texas Intermediate (WTI) crude fell 0.5% to $87.28 a barrel. Although the conflict has had limited impact on global oil supplies so far, concerns about a wider Middle East conflict and its potential implications for major oil-producing countries like Saudi Arabia, Iran, and the United Arab Emirates are weighing on the market.
United Airlines, Changes Its Boarding Process.
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Oil prices fell over $1 as diplomatic efforts eased Middle East tensions. Brent crude dropped to $91.49, WTI to $87.26. Concerns of supply disruption waned as Israel paused a Gaza incursion. Aid..
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The impact of the War between Israel and Hamas is palpable, and it will leave a lasting impact on the masses. How does it affect the World Order? Is this just the tip of the iceberg with Israel now..
Oil prices declined in early Asia trade on Monday as investors awaited the possibility of the Israel-Hamas conflict involving other countries, which could... IndiaTimes
The World Bank has warned that oil prices could reach unprecedented levels if the violence between Israel and Hamas escalates. The conflict has raised concerns... IndiaTimes
Global crude oil prices moved in the northward direction on Monday, following the Israel-Hamas war that entered Day 3 with large fatalities on both sides. DNA
Monday, 16 October 2023
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