NYSEARCA:XOP

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$171.02
-0.110 (-0.0643%)
At Close: Jun 04, 2026
WTI and Brent Oil surge amidst geopolitical unrest; Natural Gas maintains pivotal positions. Market eyes resistances and support.
Havens such as gold and global bonds jump, while airline stocks slide.
Amid escalating geopolitical tensions, gold, silver, and platinum experience significant price movements, with gold skyrocketing by almost 1.75%.

Oil prices jump on Israel-Hamas conflict

03:53pm, Monday, 09'th Oct 2023
Oil prices rose sharply on the news that Hamas attacked Israel. However, Eurasia Group Managing Director for Energy, Climate, and Resources Raad Alkadiri says the conflict has "injected a little bit o
Oil futures rallied Monday by more than 4%, lifting U.S. prices to their highest finish in nearly a week. Palestinian militant group Hamas attacked Israel over the weekend raising worries about disrup
The Hamas attack on Israel shocked the world, but didn't trigger the big rally that some traders may have expected in a market that saw oil prices at their highest levels of the year less than two wee
Global oil prices climbed 4% Monday over fears that the unprecedented weekend attack on Israel by Hamas could escalate into a regional conflict embroiling oil-producing nations.
Helima Croft, RBC Capital Markets global head of commodity strategy, and Bob McNally, Rapidan Energy Group founder and president, join 'The Exchange' to discuss the impact warfare in Gaza has on energ
Amrita Sen, Energy Aspects director of research, talks about the impact of the war in Israel on global oil markets. She is on "Bloomberg Markets: European Close.
Helima Croft, RBC Capital Markets head of commodity strategy, joins 'Squawk on the Street' to discuss what needs to happen to make sure there isn't more destabilization in the global oil market, what
The escalating conflict comes against the backdrop of already tight oil market.

Oil Prices Surge as Hamas Attacks Israel

10:09am, Monday, 09'th Oct 2023
Oil surged after Hamas's surprise attack on Israel raised fears of a wider conflict. Investors avoided traditionally risky assets such as stocks and instead bought gold, bonds and the dollar.
US stocks fell on Monday after Hamas launched an attack against Israel over the weekend. Oil prices surged after the attack, with WTI crude oil jumping as much as 5% to $87 a barrel.

Why Are Oil Stocks Up Today?

09:24am, Monday, 09'th Oct 2023
Crude oil and oil stocks rose early Monday following Hamas' attack on Israel and the growing threat of a wider war. WTI crude oil, the U.S. standard grade, was up 3.82% and Brent, the global standard,
The investigation is examining whether Murtaza Lakhani, founder and chief executive of Mercantile & Maritime Group, traded Russian oil in breach of Western sanctions.
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