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Oil Prices Climb Amid Israel-Hamas War

What can you tell us from the trading floor? That's right, Hannah. So oil prices jumped today, Israel Hamas war intensifies and after the White House that nine Americans are among those dead crude currently trading up about 4% above $88 a barrel. That's the international oil benchmark and analysts believe the spike in prices will be temporary. Israel houses two oil refineries with a daily output of about 300,000 barrels. The US Energy Information Administration says, quote, the country is virtually no crude oil and condensing production and quote, but there is concern that conflict could also impact larger oil producing nations which is typically the case during war.