Register
Demo
Contacts
 

Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Oil rose to $88.95 per barrel amid the outbreak of war in Israel

October, 09 2023
watermark Economic news

On Monday, oil prices rose sharply amid the Hamas group's attack on Israel, which caused the risk of a reduction in oil supplies from the Middle East.


Analysts note that traditionally oil prices increase in response to crises in the Middle East, and this can lead to a steady increase in prices. 


The current price of Brent oil is $86.95 per barrel. At the beginning of trading, the asset jumped in price to the level of $88.95. North American WTI oil is trading at $85.47 per barrel, the morning high was marked at $87.20 per barrel. 


On Saturday, rocket attacks were launched from the Gaza Strip on the southern and central regions of Israel. Dozens of Palestinian militants on trucks and paragliders entered the country. According to the latest data, at least 700 people were killed in Israel, about 2 thousand more were injured and more than 130 people were taken hostage. A state of war has been officially declared in the country.


According to the results of last week, the price of Brent fell by 8.3%, and WTI – by 8.8%.


World-Class Trading Platform

Professional Customer Support

Best Execution

Logo

QUICK LINKS

+ 442 030 976 697
Contact Us
Feedback
twitter

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.