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Oil records drop of 9% after Hamas attack on Israel; What is the reason for the drop?

Written by Paulo S. Nogueira
Published 15/11/2023 às 17:36
Fear, conflict, Gaza, commodity rise, price, falling, lowest level, July, Middle East, Israel, Hamas, fear, market, sensitivity, oil, Brent barrel, attacks, supply reduction, United States, OPEC.
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The recent conflict between Israel and Hamas in the Middle East has generated concern in markets, due to the region's sensitivity to energy trade and its influence on global finance.

Gaza, conflict, price

The price of a barrel of Brent oil has been falling even after the rise caused by fears over the conflict em Gaza. This fall led to price of the commodity to its lowest level since July.

The drop in the price of a barrel of Brent oil has been surprising, even in light of the conflict em Gaza. Initially, the fear caused a rise in the commodity, however, since then, the price has been falling and reached the lowest level since July. This unexpected movement has impacted the energy market and raised discussions about the possible reasons behind this downward trend.

INDUSTRY AND TRADE – FREE MARKET

INDUSTRY AND TRADE – FREE MARKET

Why does the price of a barrel of oil Brent is falling down even in the midst of war

The barrel of oil Brent has recorded a drop in price, even with the increase in tensions caused by the conflict em Gaza. This fall has led to price from commodity to lowest level from July.

The barrel of oil Brent registered a drop even with the war in Gaza, despite the fear initial led to the commodity rise. However, the price Who falling down since then, reaching the lowest level from July. Geopolitical instability in the region continues to influence market volatility price do oil No. market internationally.

The barrel of oil Brent has suffered variations in his price due to the tensions arising from the conflict em Gaza. Despite the initial increase after the start of the conflict, price do oil Who falling down and reached the lowest value since July. This situation reflects the complex dynamics of market de oil, influenced by geopolitical and economic events.

Source: money times

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Paulo S. Nogueira

Creator and disseminator of content in the areas of oil, gas, offshore, renewables, mining, economics, technology, construction and other energy sectors.

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