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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for November delivery...
  Benchmark U.S. crude oil for November delivery fell 41 cents to $85.97 a barrel Tuesday. Brent crude for December delivery fell 50 cents to $87.65 a barrel.
  
  Wholesale gasoline for November delivery rose 2 cents to $2.26 a gallon. November heating oil rose 5 cents to $3.02 a gallon. November natural gas was unchanged at $3.38 per 1,000 cubic feet.
  
  
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• U.S. stocks post 3-session climb as bond yields, oil retreat
  U.S. stocks booked a 3-session win streak Tuesday as oil prices...
  U.S. stocks booked a 3-session win streak Tuesday as oil prices and bond yields retreated. The Dow Jones Industrial Average DJIA climbed about 134 points, or 0.4%, ending near 33,739, according to preliminary FactSet data. That was the longest streak of straight wins for the blue-chip index in a month, and the best three days of gains since late August, according to Dow Jones Market Data. The S&P 500 index SPX advanced 0.5% and the Nasdaq Composite Index COMP gained 0.6%. It was the third session in a row of gains for all three indexes. The brighter backdrop for the stock market came as oil prices CL00 and bond yields TMUBMUSD10Y retreated and after Raphael Bostic, head of the Atlanta Fed, said he didn’t think additional rate hikes were needed to bring inflation down to the central bank’s 2% annual target, but also that he still sees rates staying high for a “long time.”
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• From Twitter: Gun Battles Rage in Israel
  More footage of the gun battles in southern...

  
  

  More footage of the gun battles in southern Israel. pic.twitter.com/eWyZyPsW8i

  
  — Emanuel (Mannie) Fabian (@manniefabian) October 8, 2023

  
  
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• If the Israel-Hamas conflict expands, the global economy could weaken as inflationary pressure piles up, Mohamed El-Erian says
  The war that erupted this weekend between Israel and Hamas militants has so far led to relatively reserved...
  The war that erupted this weekend between Israel and Hamas militants has so far led to relatively reserved market reactions, economist Mohamed El-Erian said on CNBC.
  
  That's because investors are treating the conflict as contained, but any enlargement to the hostilities could force a rethink, he cautioned.
  
  "If this expands and brings in other parties, then the outlook is for even a weaker global economy, even more inflationary pressures. And the markets are going to be finding it hard to deal with that," he said Monday. READ MORE
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• What Israel-Hamas war means for oil prices: ‘There is definitely going to be a fear trade put in place’
  Oil traders face a changed world heading into the new week. With...
  Oil traders face a changed world heading into the new week. With the sudden eruption of war in Israel, following surprise attacks by Hamas, fear and uncertainty in markets could drive up crude oil prices.
  
  "The conflict poses a risk of higher oil prices, and risks to both inflation and the growth outlook," Karim Basta, chief economist at III Capital Management, told Reuters.
  
  Brent crude is currently priced at about $88, having jumped more than 3% since the attacks on Israel.
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