Oil Prices Slip on Hopes Conflict Won't Spread - The Wall Street Journal

Oil Prices Slip on Hopes Conflict Won't Spread

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Israel-Hamas War: Israel Reports Rescue of Hostage Soldier as Tanks Move on Gaza City — Live Updates

An advance by Israeli forces appeared aimed at cutting off the Gaza Strip's largest population center. The U.S. and others pressed Israel to minimize civilian casualties.

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Oct. 30, 2023 at 2:39 PM EDT Live Coverage Feed

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Investors expressed cautious relief that Israel's ground invasion into Gaza Strip hasn't yet spilled over into a broader regional conflict.

"There were concerns there could be a broader conflict, which may have had greater repercussions than what you've seen so far," said Seema Shah, chief global strategist at Principal Asset Management, on Monday. Brent crude futures fell back to around $88 a barrel Monday, while stock futures rose. Oil prices had gained Friday after Israel expanded its ground operations, fueling concerns that escalating tensions in the Middle East could impact global oil supply.

Oil Prices Slip on Hopes for Limited Gaza Invasion

Investors expressed cautious relief that Israel's ground invasion into Gaza Strip hasn't yet spilled over into a broader regional conflict. "There were concerns there could be a broader conflict, whic
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