Crude oil futures on West Texas Intermediate crude, the U.S. oil pricing benchmark, were trading down 3.5% at $82.55 a barrel Monday afternoon. That put them on pace to close the day below the $82.
79 a barrel at which they settled on Oct. 6—the day before Hamas invaded Israel. Oil prices have been weighed down by signs of slowing global demand as well as cautious relief that the Israel-Hamas war has not yet spilled over into a broader regional conflict.
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