Crude slips on easing worries of region-wide Middle East conflict

By Agence France-Presse

Oct 31, 2023 12:11 am

HONG KONG: Oil prices fell on Monday as Israel stepped up ground attacks on Hamas targets in Gaza but held back from a full-on incursion, fanning hopes a wider conflict can be avoided.

However, equities were in the red ahead of a Federal Reserve policy meeting this week, with traders fearing it will likely keep interest rates elevated for an extended period as inflation remains stubbornly high.

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