Oil Prices Fluctuate as Israel-Gaza Conflict Stokes Supply Fears

Oil prices fluctuated on Monday, rising to over $91/barrel early on but dipping back later due to Middle East tensions.

Investors worried the Israel-Hamas conflict could widen and tighten global oil supply.

Brent crude and WTI oil futures surged on Friday after Israel warned people to evacuate parts of Gaza.

Analysts predict oil could hit $100/barrel soon due to regional escalation risks.

The Israeli shekel weakened 0.3% against the dollar on Monday as the currency has fallen 4% in 10 days amid the conflict.