Israel-Hamas Conflict Stokes Oil Price Fears as Investors Worry About Supply Disruptions
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Tensions between Israel and Hamas causing oil prices to rise as investors fear impact on global supply.
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Israel allowing Gaza residents to evacuate south as ground assault prepares.
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Oil prices rose 6% Friday, S&P down 0.5% as investors price in wider conflict risks.
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Natural gas prices surged to highest since March as Israeli gas field shut down.
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If conflict expands, likely to drive inflation higher and spur central banks to hike rates faster.
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