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Oil, gold jump on Middle East conflict; US stocks end higher

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Brent crude rises $3.57 to settle at $88.15 a barrel, while US West Texas Intermediate crude settles at $86.38 a barrel, up $3.59, on Monday, October 9

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US stocks ended higher, with energy shares rising along with oil prices. The S&P 500 energy index ended up 3.5%.The Israeli military said on Monday it had called up an unprecedented 300,000 reservists and was imposing a total blockade of the Gaza Strip, in a sign it may be planning a ground assault in response to the devastating weekend attack by the Hamas gunmen.

On Wall Street, shares of US airlines, hurt by rising oil prices, ended sharply lower. United Airlines, Delta Air Lines, and American Airlines The pan-European STOXX 600 index lost 0.26% and MSCI’s gauge of stocks across the globe gained 0.40%.

 

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