Oil prices dipped after Israel sent ground forces into the Gaza Strip, opting for a cautious approach rather than a full-scale invasion.
Oil prices dipped even after Israel sent ground forces into the Gaza Strip, as investors closely monitor the U.S. Federal Reserve's monetary policy meeting later this week.
Oil prices dipped even after Israel sent ground forces into the Gaza Strip, raising tensions in the Middle East, as investors closely monitor the U.S. Federal Reserve's monetary policy meeting later this week."I think the market had priced in the incursion on Friday and tonight is more 'sell the fact,'" Bob McNally, president of Rapidan Energy Group, told CNBC via email. He said the ground operations were"limited so far" and noted other macroeconomic concerns.
"The escalation of the war raises the risk around supply disruptions that have been hanging over the market since Hamas's attack," ANZ wrote in a daily note on Monday.
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