29/05/2024

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Oil prices rise as investors fear wider war with Israel’s advance into Gaza (NYSEARCA:XLE)

Oil prices rise as investors fear wider war with Israel’s advance into Gaza (NYSEARCA:XLE)

Oil prices rise as investors fear wider war with Israel’s advance into Gaza (NYSEARCA:XLE)

SlavkoSereda/iStock via Getty Images

Energy stocks enjoyed their best week since June, with the S&P 500 Energy Index +4.5%, as oil prices surged ahead of Israel’s imminent advance into Gaza that could cause violence to spill over into other parts of the Middle East, potentially