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Oil futures traded lower on Monday, with prices pulling back after rallying late last week, as investors monitored the Israel-Hamas war amid fears the conflict could escalate, threatening supplies.
Price action
Market drivers
Oil rose sharply on Friday, with traders appearing reluctant to hold short positions ahead of the weekend as Israel prepared for an expected ground incursion into Gaza. Fears the Israel-Hamas war could spill over, perhaps involving Iran and threatening supplies from the Mideast saw traders…
