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Oil and Natural-Gas Prices Jump on Israel Crisis - The Wall Street Journal

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Oil and Natural-Gas Prices Jump on Israel Crisis

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Stock Market Today: S&P 500 Futures Fall on Israel-Hamas Conflict

Oil prices jump; U.S. bond market is shut for Columbus Day

Last Updated:
Oct. 9, 2023 at 8:34 AM EDT Live Coverage Feed

Updated 1 hour ago

Oil and natural-gas prices jumped after the surprise weekend attack on Israel by Hamas and the Israeli response risked stoking instability in the petroleum-rich Middle East.

Brent crude futures, the global benchmark, rose 3.8% toward $88 a barrel.

U.S. marker West Texas Intermediate rose 3.8% to over $84 a barrel.

European natural-gas futures leaped nearly 11% to around 42.40 euros a megawatt-hour.

The prices rises came as Israeli troops engaged in fierce fighting early Monday to regain control of swaths of the country’s south after Hamas militants flooded in from Gaza.

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