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At Close: Jun 04, 2026
London's FTSE 100 UK:UKX was an outperformer across European bourses Monday, as a fresh Middle East conflagration boosted the price of oil and lifted energy stocks.
Oil prices climbed on Monday, as traders assessed implications for crude supplies after a surprise, deadly attack by Hamas on Israel over the weekend.
Amid Middle East tensions and Hamas strikes, Brent crude jumps 4.1%, highlighting oil's balance between geopolitics and economics.
Oil prices surged and US stock futures fell on Sunday night in their first reaction to Israel's war with Hamas.
Oil is rallying, surging more than 4%, after Hamas' surprise attacks on Israel. Su Keenan reports on Bloomberg Television.
"Increasing geopolitical risk in the Middle East should support oil prices
Oil prices popped on Monday as the Israel-Hamas conflict extends into a third day following a surprise attack on Israel by Palestinian militants Hamas.
Oil prices jumped more than $3 a barrel in early Asian trade on Monday, as dramatic military clashes between Israeli and Hamas forces over the weekend deepened political uncertainty across the Middle
Oil futures opened with strong gains late Sunday as traders reacted to an attack by Hamas on Israel, raising Middle East tensions and stoking worries about the outlook for crude supply.
Bahrain, Iraq, Kuwait, Oman, Saudi Arabia and the United Arab Emirates reaffirmed their commitment to "collective and individual voluntary adjustments" to oil production, the Saudi state news agency s
Global reactions to Middle East tensions, alongside OPEC+ production stance and U.S. gasoline demand, lay the path for next week's crude oil prices.
Seven charts that explain oil's big price moves
Oil futures climbed on Friday, with U.S. prices up modestly but posting an 8.8% loss for the week, according to Dow Jones Market Data. The negative reaction in oil to a weekly increase in gasoline inv
Oil futures are volatile amid supply issues with a sell-off this week that has investors claiming it's an overcorrection. In related news, a Wall Street Journal report details ExxonMobil (XOM) closing
The strong Non Farm Payrolls report provided some support to oil markets.
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