Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Why you should fade the war hysteria By: Humble Student of the Markets October 21, 2023 at 13:14 PM EDT Oil prices have jumped over $6 a barrel since the Hamas attack on Israel as a geopolitical risk premium became embedded in the oil price. The surprise attack brought up memories of the Yom Kippur War 50 years ago, in which the armies of Egypt and Syria launched a simultaneous surprise attack on Yom Kippur in 1973 that left Israel fighting for its existence. In the wake of that war, the Arab-producing states launched an oil embargo on the West which devastated growth. It’s no wonder oil prices popped this time. I think investors should fade market’s war fears. Here’s why.The full post can be found here. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Why you should fade the war hysteria By: Humble Student of the Markets October 21, 2023 at 13:14 PM EDT Oil prices have jumped over $6 a barrel since the Hamas attack on Israel as a geopolitical risk premium became embedded in the oil price. The surprise attack brought up memories of the Yom Kippur War 50 years ago, in which the armies of Egypt and Syria launched a simultaneous surprise attack on Yom Kippur in 1973 that left Israel fighting for its existence. In the wake of that war, the Arab-producing states launched an oil embargo on the West which devastated growth. It’s no wonder oil prices popped this time. I think investors should fade market’s war fears. Here’s why.The full post can be found here.