Oil, precious metals prices spike amid Israel incursion ...News

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Oil, precious metals prices spike amid Israel incursion
source : Russia Today ( News ) () 98
The IDF has said it is broadening its ground operations in Gaza Oil and metals markets reacted strongly on Friday to news from the Middle East, where Israel Defense Forces (IDF) announced they were “expanding ground operations” in Gaza. Oil prices climbed nearly 3% to a one-week high amid fears that the conflict between Israel and Palestine could spread to the broader Middle East, a crucial supplier of energy and a key oil shipping passageway. Global benchmark Brent futures rose $2.51, or 2.85%, to settle at $90.44 a barrel. The US benchmark West Texas Intermediate (WTI) crude spiked $1.95, or 2.3%, to settle at $

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