Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
Oil stocks got a broad boost Monday, as the attack on Israel by Hamas sent crude oil prices surging. The Energy Select Sector SPDR ETF XLE, +0.60% jumped 2.2% in premarket trading, with all of the components that have traded gaining ground. Chevron Corp.’s stock CVX, -1.02% climbed 2.4%, which was enough to pace the Dow Jones Industrial Average’s DJIA, +0.87% premarket gainers. Among other more-active energy ETF members, shares of Occidental Petroleum Corp. OXY, +3.33% ran up 3.
67% advanced 2.8%, Schlumberger Ltd. SLB, +0.54% and Devon Energy Corp. DVN, +1.98% rallied 3.2%. Meanwhile, crude oil futures hiked up 3.4% to $85.60, following a seven-session stretch in which they shed 11.6%, after closing Sept. 27 at a 13-month high of $93.68. Benchmark analyst Kurt Hallead said he didn’t believe the events in Israel would derail any agreements between the U.S.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Israel-Hamas conflict live updates: Israel declares war as death toll in Israel, Gaza passes 900Israeli forces responded to unprecedented attacks by Hamas militants from Gaza. Hezbollah said it attacked Israeli targets near the Lebanon border.
Read more »
U.S. stock futures fall, oil prices surge as Hamas attack on Israel rattles investorsU.S. stock-index futures fell and oil prices jumped late Sunday, as investors were rattled by geopolitical uncertainty after Hamas launched a surprise...
Read more »
Stock Market Today: Dow Futures Fall, Oil Gains on Israel-Hamas ConflictLive coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Read more »
Israel-Hamas conflict live updates: Fighting continues in southern Israel, with death toll expected to riseThe attacks in Israel and Gaza have left hundreds dead and an unknown number of hostages on each side. Biden has promised Netanyahu U.S. military support.
Read more »
Israel-Hamas conflict live updates: Israeli forces still pursuing militants in southern IsraelIsraeli forces responded to unprecedented attacks by Hamas militants from Gaza. Hezbollah said it attacked Israeli targets near the Lebanon border.
Read more »