{"id":4992,"date":"2023-10-09T15:03:41","date_gmt":"2023-10-09T15:03:41","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=4992"},"modified":"2023-10-09T15:03:41","modified_gmt":"2023-10-09T15:03:41","slug":"hamas-attack-on-israel-shakes-markets-as-oil-rises","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/hamas-attack-on-israel-shakes-markets-as-oil-rises\/","title":{"rendered":"Hamas’ Attack on Israel Shakes Markets as Oil Rises!"},"content":{"rendered":"

Hamas’ Attack on Israel Affected Oil Prices! Futures contracts in US markets<\/strong> were down on Monday morning, as were stock indexes in Asia.<\/p>\n

You might like: FTX Exchange\u2019s Credibility Shaken: Backstop Fund Scandal!<\/em><\/strong><\/a><\/p><\/blockquote>\n

Despite tensions in the Middle East, Bitcoin and Ethereum resisted even as stock markets<\/strong> fell and oil prices increased. Over the past 24 hours, Bitcoin and Ethereum saw a slight decrease of 0.2%. XRP<\/a> fell 1.3% while Cardano’s ADA rose 0.4%. CoinDesk Market Index (CMI) saw a 0.19% decrease, pointing to various tokens suffering losses.<\/p>\n

The Israel-Hamas conflict entered its third day on Monday, following Hamas’s early missile attack on Israel<\/strong> on Saturday. Investors think this conflict could cause a supply disruption. The fear of the conflict spreading to neighboring countries like Iran seems to be influencing oil prices.<\/p>\n

The chief investment officer of energy investment firm Bison Interests, Josh Young, told CNBC<\/a><\/strong>: “There could potentially be dramatic effects in the oil market if the US applies export sanctions to Iran,” He added, “It’s possible that we could see an increase of about $5 in oil for WTI.”<\/p>\n

WTI Crude Oil increased 3.23% since Sunday, bringing its quarterly gains to 16%. There was also approximately a 3.5% increase in Brent Crude Oil.<\/p>\n

Asia’s stock markets<\/strong> saw a decrease after Monday’s opening. In India, Sensex fell 0.69%, Shanghai Composite 0.44%, and Singapore Strait Times Index dropped 0.2%. The pre-market futures contracts in the US pointed to losses. Dow Jones Index<\/strong> lost 0.77% and the tech-heavy Nasdaq 100 Index experienced a 0.86% loss.<\/p>\n

\n

In the comment section, you can freely share your thoughts and comments about the topic. Additionally, please follow us on our\u00a0Telegram<\/strong>,\u00a0<\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Hamas’ Attack on Israel Affected Oil Prices! Futures contracts in US markets were down on Monday morning, as were stock indexes in Asia. You might like: FTX Exchange\u2019s Credibility Shaken: Backstop Fund Scandal! Despite tensions in the Middle East, Bitcoin and Ethereum resisted even as stock markets fell and oil prices increased. Over the past<\/p>\n","protected":false},"author":1,"featured_media":4991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,2],"tags":[61,513,1884,1854,1885,105,1886,1882,577,1883,1776,506],"class_list":["post-4992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-news","category-news","tag-bitcoin","tag-cardano","tag-cnbc","tag-coindesk","tag-dow-jones","tag-ethereum","tag-hamas","tag-israel","tag-nasdaq","tag-oil-prices","tag-singapore","tag-xrp"],"yoast_head":"\nHamas' Attack on Israel Shakes Markets as Oil Rises! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Hamas' Attack on Israel Affected Oil Prices! 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