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• The war’s ‘next stage’
  Israel announced it would attack Gaza from the air, land, and sea, expanding its war against Hamas days...
  Israel announced it would attack Gaza from the air, land, and sea, expanding its war against Hamas days after its tanks began an intense ground operation. The military again urged civilians to move south as troops have entered Gaza from the north (see where troops crossed the border).
  
  Benjamin Netanyahu called the troops’ arrival the “second stage” of the war and warned Israelis to expect a long, difficult fight. But he did not say that Israel had launched a full ground invasion. While the number of soldiers in Gaza remains unclear, a more limited initial ground war would align with recent suggestions from the U.S. defense secretary, The Times’s Eric Schmitt reports.
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• US monthly oil rig count rises for first time since Nov
  The U.S. monthly oil rig count rose for the first time since November after drillers...

  The U.S. monthly oil rig count rose for the first time since November after drillers added rigs for a third week in a row, in the report issued on Friday. The total oil and gas rig count, an early indicator of future output, rose one to 625 in the week to Oct. 27.

  
  

  U.S. oil rigs rose by two to 504 this week, while gas rigs fell by one to 117.  For the month, drillers added a total of two rigs, putting the total oil and gas count up for the first time since March.

  
  

  U.S. oil futures were up about 6% so far this year after gaining about 7% in 2022. U.S. gas futures, meanwhile, have plunged about 28% so far this year after rising about 20% last year.

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• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for December delivery...
  Benchmark U.S. crude oil for December delivery rose $2.33 to $85.54 a barrel Friday. Brent crude for December delivery rose $2.55 to $90.48 a barrel.
  
  Wholesale gasoline for November delivery rose 5 cents to $2.31 a gallon. November heating oil rose 1 cent to $3.05 a gallon. November natural gas fell 5 cents to $3.16 per 1,000 cubic feet.
  
  
  
   
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• S&P 500 ends in correction, stocks post sharp weekly losses
  U.S. stocks closed out a rough week mostly lower on Friday,...
  U.S. stocks closed out a rough week mostly lower on Friday, leaving the S&P 500 and the Nasdaq Composite both in correction territory. The Dow Jones Industrial Average DJIA shed about 366 points on Friday, or 1.1%, ending near 32,417, according to preliminary FactSet data. The S&P 500 index SPX shed 0.5% to finish around 4,117, a level that meets the widely accepted definition of a market correction, ending at least 10% below its prior peak set in July, according to Dow Jones Market Data. The Nasdaq Composite Index COMP rose 0.4%, but ended lower for a third straight week. It shed 2.6% for the week, while the S&P 500 lost 2.5% and the Dow fell 2.1% since Monday. Stocks have been under pressure from higher long-dated Treasury yields, with the 10-year TMUBMUSD10Y rate easing back from a brief high of 5% in recent sessions to about 4.846% Friday.
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• From Twitter: Oil Prices Move Higher After US Strikes In Syria
  Oil prices are pushing higher after the...

  
  

  Oil prices are pushing higher after the US conducted strikes on two Iran-linked facilities in Syria. This is now fueling fears that the Israel-Hamas war may spark a broader conflict with the potential of disrupting global crude supplies. We spoke with Jameed Ahmad from @GTC_fx. pic.twitter.com/pk2f377azB

  
  — Money Talks (@TRTMoneyTalks) October 27, 2023

  
  
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