Oil prices surged and US stock futures fell on Sunday night in their first reaction to Israel’s war with Hamas.
Although Israel is not a major oil producer, escalating tensions in the oil-rich Middle East spooked investors who have already been selling off oil in recent weeks. Inflation, fear of a global economic downturn and a correction to prices that were surging in recent months have sent US oil prices down from around $95 a few weeks ago to just above $80 last week. But on Sunday night, US oil prices surged 4% higher above $86 a barrel.
Israel formally declared war on Hamas on Sunday after the Islamist militant group launched its deadly surprise assault on Saturday. More than 700 people have been killed in Israel, while more than 400 Palestinians have been killed, according to authorities. In the equity markets, US stock futures, which surged Friday on a surprisingly strong American job market report, fell sharply Sunday night. Dow futures were down 200 points, or 0.6%. S&P 500 futures were down 0.7%.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
U.S. stocks slip, oil surges on Middle East violenceU.S. stocks slip, oil surges on Middle East violence
Weiterlesen »
Oil prices jump as Middle East violence roils marketsOil prices jump as Middle East violence roils markets
Weiterlesen »
Oil prices jump as Middle East violence roils marketsOil prices jumped more than $3 a barrel in early Asian trade on Monday, as dramatic military clashes between Israeli and Hamas forces over the weekend deepened political uncertainty across the Middle East.
Weiterlesen »
USD/CAD extends losses near 1.3650 on improved oil prices, tension in Middle EastUSD/CAD continues the losing streak for the third successive session, trading lower around 1.3650 during the early Asian session on Monday. The pair i
Weiterlesen »
US stocks skid, oil surges on Middle East conflictUS stocks skid, oil surges on Middle East conflict
Weiterlesen »
Gold Price Forecast: XAU/USD battles $1,850 on road to recovery amid Middle East risksGold price is hovering around $1,850, sitting at the highest level in six days in Monday’s Asian trading. Gold price is stabilizing after an early rea
Weiterlesen »