Oil prices have surged after a shock attack on Israel by Hamas over concerns it will increase tensions across the Middle East.
“It does have an impact on the things that we trade internationally – oil … literally lubricates the world economy,” The Motley Fool Chief Investment Officer Scott Phillips told Sky News Australia.
Oil prices have jumped about four per cent for West Texas Intermediate and Brent Crude.
“It’s … a question of how much more broadly does this potentially spread,” Mr Phillips said.
“Do we talk about potential blockades, potential sanctions, disruption to supply? Those are the questions that the markets are grappling with right now.”
17 Comments
How often do you upload new videos?✌️
Thank you for this incredible content, thank you so much!👍
Gotta keep the inflation going!
$3 a litre,, coming soon to a servo,near you
Israel, a nuclear power announcing that they are about to starve two million people to death. Barbaric.
Hence why America has stated it has found zero evidence Iran was involved. The only story that claimed it from "confidential sources" (insert eyeroll here) was written by a woman who was sacked for making up sources in her last job.
Profits over people seems the globalists want to control everything what's next a stock market crash we see threw ur satanic games
Before the modern day.
The arabian Oil Lamp gave rise to the Genie in a Lamp. Did you know?
When MSM said Oil was going down in price and were pleased because of Climate Change I knew to invest in Oil.
If you basically do everything the opposite to what MSM tells you to you'll do well. It's the main reason I didn't get the covid shots because the push was to get them or else.
What a lot of. BS FULL STOP
thank god Biden drained our strategic petroleum reserves to salvage his collapsing ratings, we are ready for whatever comes next!
Next food will go up.
Excellent…..
Less burned 🔥🔥🔥……..🤧
A who r whom :: a d owner fe de ; oooill ..oil…
Of course it is. That's part of WEF/UN agenda.
DRILL BABY DRILL IN THE USA!! BIDEN'S A STUPID SOB!!!!
All these so called Leaders have to do is "break wind" and crude oil prices go up