Analysis of the rise in international oil prices suggests that it may be affected by the situation between Palestine and Israel

According to Reuters, as of 23:20 GMT on October 8th, the price of Brent crude oil increased by $3.34 to $87.92 per barrel, an increase of 3.95%; The price of West Texas Intermediate crude oil in the United States was $86.23 per barrel, up $3.44 or 4.16%.

Reuters analysis shows that the military conflict between Israel and the Palestinian Islamic Resistance Movement (Hamas) has deepened political uncertainty in the entire Middle East region, with oil prices rising by over $3 per barrel in early trading in Asia on the 9th.

Analysts from ANZ Bank stated in a client report that "geopolitical risks in the Middle East will keep oil prices high and increase their volatility. To avoid long-term impacts on the oil market, it is necessary to continuously reduce oil supply or transportation