Oil prices steady above $90 as investors assess Israel-Hamas war

Brent oil futures, having breached the $90 per barrel mark on Friday, remained relatively stable above this threshold on Monday, with investors closely monitoring the potential for the Israel-Hamas conflict to escalate involving other nations.

As of 0855 GMT, Brent futures saw a slight dip of 39 cents, equivalent to 0.43%, resting at $90.50 a barrel.

Meanwhile, U.S. West Texas Intermediate (WTI) crude recorded a decrease of 26 cents, or 0.3%, standing at $87.43 a barrel, Reuters reported.

READ MORE: https://www.reuters.com/markets/commodities/oil-prices-ease-investors-assess-impact-israel-hamas-war-2023-10-15/

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