Oil prices jump more than $3 per barrel in wake of Hamas attack

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Oil prices jump more than $3 per barrel in wake of Hamas attack
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Why Biden will lose if gas prices keep rising — as they seem set to doBEIJING, Oct 9 — Oil 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.

A normalization of Saudi-Israeli relations would likely freeze recent moves toward detente between Saudi Arabia and Iran.

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Oil prices jump 3% after Hamas attack on IsraelOil prices jump 3% after Hamas attack on IsraelWilliam Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C., newsrooms.
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