November Crude Futures Up 3.5% On Concerns Over Israel-Hamas Conflict
Portfolio Pulse from Charles Gross
November crude futures have risen by 3.5% due to concerns over the Israel-Hamas conflict. This geopolitical tension could potentially disrupt oil supply, leading to higher prices.
October 08, 2023 | 10:39 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The Israel-Hamas conflict could potentially impact the performance of the iShares MSCI Israel ETF (EIS).
The Israel-Hamas conflict could lead to instability in the region, which could negatively impact the performance of the iShares MSCI Israel ETF (EIS).
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could be indirectly affected by the rise in crude futures due to the Israel-Hamas conflict.
The rise in crude futures could potentially impact various sectors within the S&P 500, which could indirectly affect the performance of the SPDR S&P 500 ETF (SPY).
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The United States Oil Fund (USO) could benefit from the rise in crude futures due to the Israel-Hamas conflict.
The rise in crude futures due to the Israel-Hamas conflict could potentially lead to higher prices for oil, which could positively impact the performance of the United States Oil Fund (USO).
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100