Oil Prices, Defense Stocks Rise as Israel-Hamas Conflict Rattles Markets - The Wall Street Journal
Oil Prices, Defense Stocks Rise as Israel-Hamas Conflict Rattles Markets - WSJ
Oct. 9, 2023 4:43 pm ET
Oil prices and defense stocks climbed Monday after the worst attack on Israel in decades shook financial markets.
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Related Knowledge Center: ENERGY BASICS: petroleum
While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.