Crude futures jump after attack on Israel

Market: Crude oil
09/10/23

Crude futures rose by 4pc in early trading on Monday, supported by concerns over wider fallout from Gaza-based Islamist group Hamas' large-scale attack on Israel.

The front-month December Ice Brent contract rose by as much as 4.2pc to a high of $88.15/bl when markets opened in Asia, up by $3.57/bl from its settlement on 6 October. November Nymex WTI futures rose by as much as 4.5pc to $86.48/bl.

Over 700 Israelis were killed in the unprecedented attacks, the Israeli government said, while reports put the death toll in the Gaza Strip at over 400. Israel is "at war," prime minister Benjamin Netanyahu said on 7 October.

By Kevin Foster

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02/05/25

Shell says can deliver solid returns below $50/bl

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Opec+ members bring forward policy meeting

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02/05/25

Opec+ members bring forward policy meeting

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Shell’s 1Q European gas production up

02/05/25

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02/05/25

Shell’s 1Q European gas production up

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Shell’s 1Q profit falls but beats expectations

02/05/25

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02/05/25

Shell’s 1Q profit falls but beats expectations

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