Key takeaways
- Oil prices have steadily risen since the summer after the OPEC cut its supply
- New attacks in the Palestinian-Israeli conflict over the weekend sent oil prices spiking again
- The prices have retreated slightly, and the stock market rose after news emerged that Israel had taken control of Hamas-controlled towns
Oil prices have been in flux of late, as a summer price boom caused by seasonal adjustments and a global supply and demand issue has finally begun to wane. It’s been a shocking weekend of developments in the Israel-Palestine conflict as the world witnessed the deadliest attack on Israel in decades.
This has sparked fresh oil price increases as the markets sound out what this latest attack means and whether it’s a short-term price rally or if a sustained war between the two countries will cause oil supply issues.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased