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Oil prices could spike depending on how Israel-Hamas conflict progresses

   10/31/2023  19 Comments on Oil prices could spike depending on how Israel-Hamas conflict progresses

Israeli and Palestinian territories are not major oil producers, but if their conflict spreads to other parts of the region it could have major consequences for oil production and prices. Al Root, a senior writer for Barron’s, joined CBS News to discuss what could happen.

#news #Israel #hamasattack

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19 thoughts on “Oil prices could spike depending on how Israel-Hamas conflict progresses”

  1. Just remember: Oil prices stay high, or God forbid go up, and the likelihood of a Biden re-election goes to zero. I’m old enough to have seen this movie before.

  4. Honestly the war in Isreal caused gas prices and everything else to skyrocket climbing depending on the Isreal hamas conflict progressing everybody in the country and around the world gonna say what’s going on with the highest prices in everything in the entire world even in United States

  6. This is why China and Russia orchestrated this attack through Iran. Higher oil prices generate greater revenue for Russia.

  7. Food prices will go up as well, oh! So will taxes because, you know, what’s happening in Israel. 🤡 🇺🇸

  8. If you are looking to ease the burden of a higher price of gasoline at the pump, then buy some oil stocks. That's how I like to protect myself from geopolitical risks in the middle east.

  10. If we only had oil in our national emergency oil reserves. But incompetent, 48 years of failure Biden sold that to the Chinese.

  12. So Biden gives $6B in tax dollars in hostage trade, one month later war. But there is NO CONNECTION. NOPE. NADA. They promised us they'd only spend it on food and clothing for the poor. So in no way was one US dollar spent of this war. You believe this, right?!? Pleeeeease!!!

  16. We are going to see 8 dollars 💵 or higher watch and see it’s going to get crazy .then when Americans can’t pay for it anymore will see civil unrest in the likes we have never seen

  17. We're paying nearly $7/gallon here in California. At this point CAN IT GO ANY HIGHER? If so, how tf will this be sustainable by Americans??????

  18. Oh yeah, all the oil we import from the Gaza Strip or all the oil we import from Israel will definitely be reduced. From 0 to 0.0

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