Gaza War Fallout: Oil, Gas Markets Set for Another Volatile Week of Trading - Bloomberg
Gaza War Fallout: Oil, Gas Markets Set for Another Volatile Week of Trading - Bloomberg
Oil and Gas Markets Eye Escalation Risk as Gaza War Deepens
- Oil jumped on Friday as Israel stepped up operations
- Gas production in region has already suffered some disruption
A customer refuels at a gas station in San Francisco, California Photographer: David Paul Morris/Bloomberg
Oil and gas markets are set for another volatile week of trading after Israel began its long-anticipated ground invasion of Gaza.
The biggest risk to crude prices after the invasion remains any escalation to other regional powers. The Middle East supplies about a third of the world’s oil and Iran, which backs Hamas and other regional militant groups, said over the weekend that the incursion “may force everyone to take action.”
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Oil and Gas Markets Eye Escalation Risk as Gaza War Deepens
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