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Impact of Israel-Hamas Conflict on Oil: What to Watch and What to Ignore

Impact of Israel-Hamas Conflict on Oil: What to Watch and What to Ignore

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A F Alhajji
Oct 09, 2023
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Daily Energy Report
Daily Energy Report
Impact of Israel-Hamas Conflict on Oil: What to Watch and What to Ignore
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Dear subscribers,

Today, We are sharing this note in lieu of the Daily Energy Report.

Oil prices rose overnight by about 5% amid the conflict between Israel and Hamas, and at the time of this writing, they were up by around 3%. This is a perfect example of the so-called “political premium” in oil prices.  

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