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CBC | Politics News National

Oil price surges 4% as attack on Israel prompts fears of expanding Middle East violence

FAST NEWS Team October 09, 2023 0

A woman is shown outside the Tel Aviv Stock Exchange building.

Oil prices jumped and stock markets around the world mostly slumped fter deadly attacks by Hamas from the Gaza Strip prompted Israel to declare war. The price of a barrel jumped by almost $5 on Monday, mostly on concerns that the volatile situation could ensnare more countries in the Middle East.

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