Myra P. Saefong, assistant global markets editor, has covered the commodities sector for MarketWatch for 20 years. She has spent the bulk of her years at the company writing the daily Futures Movers and Metals Stocks columns and has been writing the weekly Commodities Corner column since 2005.
Oil futures finished lower on Monday, with U.S. prices at their lowest in more than three weeks.
While the ongoing conflict between Israel and Hamas “will keep traders on their toes, they are also wary of the fact that so far, other oil-producing, Middle East countries have stayed away from getting dragged into the conflict,” said Fawad Razaqzada, market analyst at City Index and FOREX.com. December West Texas Intermediate crude CLZ23, -3.60% fell $3.23, or 3.8%, to settle at $82.31 a barrel on the New York Mercantile Exchange.
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