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Gaza Attacks - Shock n' Oil
- Wreckless Eric
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13 years 3 months ago #1424
by Wreckless Eric
Gaza Attacks - Shock n' Oil was created by Wreckless Eric
Oil up a bit according to Bloomberg (Breaking News):
Oil Advances in New York After Airstrikes by Israel, By Mark Shenk - Nov 14, 2012 3:35 PM GMT.
Crude advanced in New York after an Israeli airstrike increased concern that supplies from the Middle East will be disrupted.
Futures gained after the attack in the Gaza Strip, which killed a leader of Hamas’s militant wing, Ahmed al-Jabari, and another Palestinian man, according to Ashraf al-Qedra, a spokesman for the Hamas-run Health Ministry. The Israeli strike follows the firing of about 115 rockets from Gaza into Israel earlier this week.
“The Israeli strike on Gaza has raised the security premium,” said John Kilduff, a partner at Again Capital LLC, a New York-based energy hedge fund. “The Israelis made it clear that this may be the first of many strikes. This episode raises tension in an already troubled region.”
Crude oil for December delivery gained 85 cents, or 1 percent, to $86.23 a barrel at 10:32 a.m. on the New York Mercantile Exchange. Prices are down 13 percent this year.
Brent oil for December settlement, which expires tomorrow, rose $1.33, or 1.2 percent, to $109.59 a barrel on the London- based ICE Futures Europe exchange. The more actively traded January contract gained $1.19 to $108.53.
To contact the reporter on this story: Mark Shenk in New York at mshenk1@bloomberg.net
To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net
Not followed by many at the moment, Israel say the start of a ground operation soon after todays initial bombings, cabinet in meeting now. Hamas say retaliations to occur further to their leader killed today.
Oil to go higher? (Hedge Funds to speculate price higher as usual)
Israel Elections 22nd January 2013
Iran Elections 14th June 2013
Oil pundit last week on CNBC said US would hold Israel back from any Iran strike/action (after their election success/increased mandate) until Iran election complete (US hoping for peoples uprising in Iran).
Ignoring the politics here, but oil to go higher?
Oil Advances in New York After Airstrikes by Israel, By Mark Shenk - Nov 14, 2012 3:35 PM GMT.
Crude advanced in New York after an Israeli airstrike increased concern that supplies from the Middle East will be disrupted.
Futures gained after the attack in the Gaza Strip, which killed a leader of Hamas’s militant wing, Ahmed al-Jabari, and another Palestinian man, according to Ashraf al-Qedra, a spokesman for the Hamas-run Health Ministry. The Israeli strike follows the firing of about 115 rockets from Gaza into Israel earlier this week.
“The Israeli strike on Gaza has raised the security premium,” said John Kilduff, a partner at Again Capital LLC, a New York-based energy hedge fund. “The Israelis made it clear that this may be the first of many strikes. This episode raises tension in an already troubled region.”
Crude oil for December delivery gained 85 cents, or 1 percent, to $86.23 a barrel at 10:32 a.m. on the New York Mercantile Exchange. Prices are down 13 percent this year.
Brent oil for December settlement, which expires tomorrow, rose $1.33, or 1.2 percent, to $109.59 a barrel on the London- based ICE Futures Europe exchange. The more actively traded January contract gained $1.19 to $108.53.
To contact the reporter on this story: Mark Shenk in New York at mshenk1@bloomberg.net
To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net
Not followed by many at the moment, Israel say the start of a ground operation soon after todays initial bombings, cabinet in meeting now. Hamas say retaliations to occur further to their leader killed today.
Oil to go higher? (Hedge Funds to speculate price higher as usual)
Israel Elections 22nd January 2013
Iran Elections 14th June 2013
Oil pundit last week on CNBC said US would hold Israel back from any Iran strike/action (after their election success/increased mandate) until Iran election complete (US hoping for peoples uprising in Iran).
Ignoring the politics here, but oil to go higher?
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