NEW YORK: Oil prices rallied and global stocks fell Wednesday on fears that the Israel-Hamas war could spill over into a regional conflict, after a strike at a Gaza hospital dealt a blow to President Joe Biden's diplomatic drive.
Crude futures briefly vaulted three percent higher as fears grew over broadening unrest that could destabilize the crude-rich Middle East, with some analysts predicting a possible return to $100 a barrel oil.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.