Hamas attack: Israel tries to regain control by striking the Gaza Strip

2023-10-09 07:34:23

Oil prices rose by more than 4% on Monday, following Hamas’ surprise offensive once morest Israel, before falling once more. The attack raises concerns regarding its consequences for supplies from the region rich in black gold.

The price of a barrel of Brent from the North Sea jumped 4.7%, to $86.65. By mid-morning, it was only up 2.4%. As for the barrel of American West Texas Intermediate (WTI), it was up 4.5%, to $88.39, at the start of trading on Asian markets.

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