“Oil prices fall on signs Hamas-Israel conflict unlikely to broaden, hotter than expected PPI”
October 12, 2023
“Crude futures fell more than 2% following a hotter-than-expected Producer Price Index inflation print and signs that a conflict between Israel and Hamas may not extend to other countries, namely Iran…
“While uncertainty is high, war in Israel is unlikely to disrupt oil supplies,” Natasha Kaneva, head of the global commodities strategy team at JPMorgan, wrote in a note to clients on Tuesday…”
Oh I see. It’s time to stop fighting when the money is affected. Why Am I not surprised.