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Oil rises more than $1 on fears of spread of Middle East conflict | Hellenic Shipping News Worldwide

Oil rises more than $1 on fears of spread of Middle East conflict | Hellenic Shipping News Worldwide
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Oil Futures Surge on Concern Israel-Hamas Conflict to Escalate

Oil prices surged after the conflict between Israel and Hamas intensified, and traders are watching for spillover effects on oil supply in the region. Futures for Brent crude, the global benchmark, rose about 4% to $87.97 a barrel, and West Texas Intermediate crude futures climbed 4.3% to $86.36 a b

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