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Barchart
Rich Asplund

Crude Surges on Fears the Israeli-Hamas War Could Escalate

Oil Israel crude oil United States Hezbollah Middle East

November WTI crude oil (CLX23) this morning is up +3.51 (+4.23%), and Nov RBOB gasoline (RBX23) is up +8.67 (+4.00%).

Nov WTI crude oil and gasoline prices this morning are sharply higher on concern the Israel-Hamas conflict may spread, potentially disrupting Middle East crude supplies.  The conflict could widen after the Israeli military urged evacuation of the northern part of Gaza in preparation for a possible ground invasion of the territory.

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