The stock market rebound after Monday's sell-off and Middle East tensions have combined to lift oil prices this week.A truck carrying natural gas enters the Gaza Strip via the Rafah crossing with Egypt, hours after the start of a four-day truce in battles between Israel and Palestinian Hamas militants, on November 24, 2023.U.S.
The S&P 500 jumped 2.3% Thursday, its best session since November 2022, after tumbling to start the week due to fears the economy might slide into recession.The Middle East remains on edge after the assassination of Hamas leader Ismail Haniyeh in Tehran last week. Israel has been preparing for retaliatory strikes by Iran and the Hezbollah militia in Lebanon, though the U.S. has been working through diplomatic channels to avert an escalation of hostilities.
The U.S., Egypt and Qatar have demanded in a joint statement that Hamas and Israel return to the negotiating table to close a cease-fire deal in Gaza.An options trade on an oil giant before earnings with crude on the move higher