Stocks find small weekly gains as Israel-Gaza conflict intensifies
U.S. stocks closed mostly lower Friday, but the...
U.S. stocks closed mostly lower Friday,but the Dow Jones and S&P 500 posted weekly gains, as the Israel-Gaza war appeared to escalate heading into the weekend. The Dow Jones Industries DJIA rose about 39 points, or 0.1%, on Friday, ending near 33,670. The S&P 500 IndexSPX fell 0.5% and the Nasdaq Composite IndexCOMP closed 1.2% lower. The S&P 500’s energy segment outperformed Friday, gaining 2.3%, as U.S. benchmark crude surged nearly 6% after Israel ordered more than a million people in Gaza to evacuate to the south. Treasury yieldsfell, with the 10-year Treasury TMUBMUSD10Y rate retreating to 4.628% Friday, snapping a 5-week yield climb.
Benchmark U.S. crude oil for November delivery rose $4.78to $87.69 a barrel Friday. Brent crudefor December delivery rose $4.89 to $90.89 a barrel.
Wholesale gasoline for November delivery rose 10 centsto $2.27 a gallon. November heating oilrose 17 cents to $3.21 a gallon. November natural gasfell 10 centsto $3.24 per 1,000 cubic feet.
Exxon Saddled With Oil Tanker That US Sanctioned on Thursday
(Bloomberg) -- Exxon Mobil Corp. is the current...
(Bloomberg) -- Exxon Mobil Corp. is the current charterer of a tanker that was sanctioned by the US Treasury Department on Thursday for a previous breach of a Western cap on Russian oil prices, underscoring the scope such actions have to disrupt the tanker industry.
The Yasa Golden Bosphorus is currently carrying cargo toward the US port of Houston, where it’s due to arrive on Tuesday, according to tanker tracking data compiled by Bloomberg. Its breach of sanctions happened months ago and didn’t involve the US oil major. READ MORE
Global Knife Attack Frenzy as Hamas ‘Day of Rage’ Gets Underway
Frenzied knife attacks were reported in ...
Frenzied knife attacks were reported in China and France on Friday after Hamas called for the 13th to be a global “day of rage” in response to the group’s ongoing war with Israel.
The call for a “day of rage” has prompted security alerts all over the world with Jewish schools and synagogues from Palo Alto to London and Aukland closing for the day while the American authorities increased security measures in major cities and at the U.S. Capitol.
Oil surges as Israel prepares for Gaza ground assault, Iran warns of 'reactions'
Global oil prices surged higher Friday, testing the $90 per barrel mark, following rising military and...
Global oil prices surged higher Friday, testing the $90 per barrel mark, following rising military and political tensions in Israel's war with Hamas and a new round of sanctions on the sale of Russian crude.
Iran's foreign minister, Hossein Amirabdollahian told reporters in Beirut late Thursday that an extended blockade of Gaza, as well as attacks on civilians by the Israeli Defense Force, could possibly compel involvement from Tehran. Amirabdollahian also met with Hezbollah leader Hassan Nasrallah Friday in the Lebanese capital
Brent crude futures for December delivery, the global pricing benchmark, were last marked $3.15 higher in the early New York session at $89.10 per barrel.
WTI futures for November, which are tightly linked to U.S. gasoline prices, were marked $3.26 higher at $86.17 per barrel.