Oil prices rise, stocks slide on fears of broader Middle East war

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

México Noticias Noticias

México Últimas Noticias,México Titulares

NEW YORK: Oil prices rallied and global stocks fell Wednesday on fears that the Israel-Hamas war could spill over into a regional conflict, after a strike at a Gaza hospital dealt a blow to President Joe Biden's diplomatic drive.

Crude futures briefly vaulted three percent higher as fears grew over broadening unrest that could destabilize the crude-rich Middle East, with some analysts predicting a possible return to $100 a barrel oil.Gold hit the highest level in over two months as investors sought the safe haven investment, with the dollar also picking up as investors sought refuge.

'Whoever turns out to be responsible the facts no longer matter given that most people have already made up their minds,' said Michael Hewson at CMC Markets, adding that this sent gold and oil prices up.European equity markets fell across the board and London was dented by news of stubbornly high UK inflation.Wall Street's main indices ended lower, with the Dow down 1.0 percent and the Nasdaq falling 1.6 percent.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 2. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

DTI eyes stronger investment, trade ties with Middle EastDepartment of Trade and Industry (DTI) Secretary Alfredo Pascual will be part of the delegation of President Ferdinand R. Marcos Jr. to Saudi Arabia this week to boost trade ties with Middle East countries.
Fuente: EdgeDavao - 🏆 23. / 51 Leer más »

Stocks fall on China, Middle East worriesShare prices fell yesterday as investors took their cue from developments abroad, particularly the escalating conflict between Israel and Hamas.
Fuente: PhilstarNews - 🏆 1. / 94 Leer más »