{"id":3378,"date":"2023-10-19T20:09:01","date_gmt":"2023-10-19T20:09:01","guid":{"rendered":"https:\/\/inbudgetalerts.com\/investment\/brent-oil-ends-higher-as-investors-monitor-israel-hamas-war-talks-on-venezuela-sanctions\/"},"modified":"2023-10-19T20:09:02","modified_gmt":"2023-10-19T20:09:02","slug":"brent-oil-ends-higher-as-investors-monitor-israel-hamas-war-talks-on-venezuela-sanctions","status":"publish","type":"post","link":"https:\/\/inbudgetalerts.com\/?p=3378","title":{"rendered":"Brent oil ends higher as investors monitor Israel-Hamas war, talks on Venezuela sanctions"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002621835\" role=\"document\">\n<p>Oil futures finished Tuesday on a mixed note, with U.S. prices unchanged for the session and global benchmark crude settling with a modest gain, after posting losses in the previous session on renewed talks that could ease U.S. sanctions on crude exports by Venezuela. <\/p>\n<p>Traders continued to watch on developments in the Israel-Gaza war that would deepen risks to the oil industry in the Middle East region. <\/p>\n<div class=\"paywall\">\n<h2>Price action<\/h2>\n<ul class=\"articleList\">\n<li>\n      West Texas Intermediate crude<br \/>\n        CL00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209723049\/delayed\" class=\"positive\">+2.36%<\/bg-quote><br \/>\n       for November delivery<br \/>\n        CL.1,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/211629951\/delayed\" class=\"positive\">+2.47%<\/bg-quote><\/p>\n<p>        CLX23,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209727121\/delayed\" class=\"positive\">+2.47%<\/bg-quote><br \/>\n       settled flat at $86.66 a barrel on the New York Mercantile Exchange after losing 1.2% on Monday. <\/p>\n<\/li>\n<li>\n      December Brent crude<br \/>\n        BRN00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209704782\/delayed\" class=\"positive\">+1.00%<\/bg-quote><\/p>\n<p>        BRNZ23,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209705840\/delayed\" class=\"positive\">+1.00%<\/bg-quote><span>,<\/span><br \/>\n       the global benchmark, gained 25 cents, or 0.3%, to $89.90 a barrel on ICE Futures Europe.<\/p>\n<\/li>\n<li>\n      November gasoline<br \/>\n        RBX23,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/215376532\/delayed\" class=\"positive\">+1.09%<\/bg-quote><br \/>\n       added 0.5% to $2.28 a gallon, while November heating oil<br \/>\n        HOX23,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/215376451\/delayed\" class=\"positive\">+1.43%<\/bg-quote><br \/>\n       rose 0.9% to $3.18 a gallon.<\/p>\n<\/li>\n<li>\n      Natural gas for November delivery<br \/>\n        NGX23,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210194966\/delayed\" class=\"negative\">-3.01%<\/bg-quote><br \/>\n       settled at $3.08 per million British thermal units, down 1%.<\/p>\n<\/li>\n<\/ul>\n<h2>Market drivers<\/h2>\n<p>\u201cUncertainty still lingers over a potential spillover of the conflict in Israel in a way that could involve major oil producers in the region, in a dynamic that continues to create upside risk for prices,\u201d said Ricardo Evangelista, senior analyst at ActivTrades, in market commentary.\u00a0<\/p>\n<p>Crude prices surged last week on fears the Israel-Hamas war could spill over to involve Iran, potentially leading the U.S. to increase enforcement of sanctions that would curb exports and further tighten global supplies.<\/p>\n<p>If Iran enters the conflict, that could put its 3 million barrels of daily oil production at risk, said Jay Hatfield, chief executive officer at Infrastructure Capital Management. <\/p>\n<p>The Middle East war has also led to an overall rise in oil prices because it put the potential for an Israel\/Saudi peace agreement on hold, a  deal that may have led the Saudis to raise oil output by 1 million barrels per day, he told MarketWatch. <\/p>\n<p>Oil prices pulled back Monday as investors monitored diplomatic efforts aimed at containing the conflict, while the prospect of more supply from Venezuela put added pressure on crude.<\/p>\n<p>The Biden administration and the government of Venezuelan President Nicol\u00e1s Maduro have agreed to a deal under which the U.S. would ease sanctions on Venezuela\u2019s oil industry.  Venezuela, in return, would conduct a competitive, internationally monitored presidential election next year, the report said. The report said the deal was expected to be signed Tuesday in Barbados.<\/p>\n<p>The U.S. State Department later Monday said that it welcomed an announcement by Maduro representatives and others to resume Venezuelan-led talks in Barbados.<\/p>\n<p>An agreement that eases sanctions would \u201cprovide some relief from the supply-side concerns that lately have dominated the mindset of oil traders,\u201d said Evangelista.<\/p>\n<p><strong>See: <\/strong>Venezuela is set for a \u2018long journey\u2019 to boost oil output if U.S. eases sanctions<\/p>\n<p>Meanwhile, a rush of diplomacy by global leaders to head off a wider conflict in the Middle East appeared to be soothing investor nerves for now, Raffi Boyadjian, lead investment analyst at XM, said in a note.<\/p>\n<p>President Biden is set to visit Israel Wednesday, while Secretary of State Antony Blinken made a second visit in as many days on Monday, \u201cunderscoring the intense diplomatic efforts to contain the conflict and prevent a humanitarian catastrophe in Gaza,\u201d Boyadjian wrote.<\/p>\n<p><strong>Read:<\/strong> 70% chance Israel-Hamas war spreads beyond Gaza, threatening oil, strategist warns<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/oil-steady-as-investors-monitor-israel-hamas-war-talks-on-venezuela-sanctions-212c4c14?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil futures finished Tuesday on a mixed note, with U.S. prices unchanged for the session and global benchmark crude settling with a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":3379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-3378","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investment"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brent oil ends higher as investors monitor Israel-Hamas war, talks on Venezuela sanctions | InBudgetAlerts<\/title>\n<meta name=\"description\" content=\"Oil futures finished Tuesday on a mixed note, with U.S. prices unchanged for the session and global benchmark crude settling with a modest gain, after\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/inbudgetalerts.com\/?p=3378\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brent oil ends higher as investors monitor Israel-Hamas war, talks on Venezuela sanctions | InBudgetAlerts\" \/>\n<meta property=\"og:description\" content=\"Oil futures finished Tuesday on a mixed note, with U.S. prices unchanged for the session and global benchmark crude settling with a modest gain, after\" \/>\n<meta property=\"og:url\" content=\"https:\/\/inbudgetalerts.com\/?p=3378\" \/>\n<meta property=\"og:site_name\" content=\"InBudgetAlerts\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-19T20:09:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-19T20:09:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/1697746141_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/inbudgetalerts.com\/?p=3378#article\",\"isPartOf\":{\"@id\":\"https:\/\/inbudgetalerts.com\/?p=3378\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/inbudgetalerts.com\/#\/schema\/person\/5fadb0c23fa3bfd2762b1a5dcce46da3\"},\"headline\":\"Brent oil ends higher as investors monitor Israel-Hamas war, talks on Venezuela sanctions\",\"datePublished\":\"2023-10-19T20:09:01+00:00\",\"dateModified\":\"2023-10-19T20:09:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/inbudgetalerts.com\/?p=3378\"},\"wordCount\":561,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/inbudgetalerts.com\/#organization\"},\"articleSection\":[\"Investment\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/inbudgetalerts.com\/?p=3378#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/inbudgetalerts.com\/?p=3378\",\"url\":\"https:\/\/inbudgetalerts.com\/?p=3378\",\"name\":\"Brent oil ends higher as investors monitor Israel-Hamas war, talks on Venezuela sanctions | InBudgetAlerts\",\"isPartOf\":{\"@id\":\"https:\/\/inbudgetalerts.com\/#website\"},\"datePublished\":\"2023-10-19T20:09:01+00:00\",\"dateModified\":\"2023-10-19T20:09:02+00:00\",\"description\":\"Oil futures finished Tuesday on a mixed note, with U.S. prices unchanged for the session and global benchmark crude settling with a modest gain, after\",\"breadcrumb\":{\"@id\":\"https:\/\/inbudgetalerts.com\/?p=3378#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/inbudgetalerts.com\/?p=3378\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/inbudgetalerts.com\/?p=3378#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/inbudgetalerts.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brent oil ends higher as investors monitor Israel-Hamas war, talks on Venezuela sanctions\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/inbudgetalerts.com\/#website\",\"url\":\"https:\/\/inbudgetalerts.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/inbudgetalerts.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/inbudgetalerts.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/inbudgetalerts.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/inbudgetalerts.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/inbudgetalerts.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/inbudgetalerts.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/inbudgetalerts.com\/#\/schema\/person\/5fadb0c23fa3bfd2762b1a5dcce46da3\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/inbudgetalerts.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/inbudgetalerts.com\"],\"url\":\"https:\/\/inbudgetalerts.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Brent oil ends higher as investors monitor Israel-Hamas war, talks on Venezuela sanctions | InBudgetAlerts","description":"Oil futures finished Tuesday on a mixed note, with U.S. prices unchanged for the session and global benchmark crude settling with a modest gain, after","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/inbudgetalerts.com\/?p=3378","og_locale":"en_US","og_type":"article","og_title":"Brent oil ends higher as investors monitor Israel-Hamas war, talks on Venezuela sanctions | InBudgetAlerts","og_description":"Oil futures finished Tuesday on a mixed note, with U.S. prices unchanged for the session and global benchmark crude settling with a modest gain, after","og_url":"https:\/\/inbudgetalerts.com\/?p=3378","og_site_name":"InBudgetAlerts","article_published_time":"2023-10-19T20:09:01+00:00","article_modified_time":"2023-10-19T20:09:02+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/1697746141_social.jpeg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/inbudgetalerts.com\/?p=3378#article","isPartOf":{"@id":"https:\/\/inbudgetalerts.com\/?p=3378"},"author":{"name":"Press Room","@id":"https:\/\/inbudgetalerts.com\/#\/schema\/person\/5fadb0c23fa3bfd2762b1a5dcce46da3"},"headline":"Brent oil ends higher as investors monitor Israel-Hamas war, talks on Venezuela sanctions","datePublished":"2023-10-19T20:09:01+00:00","dateModified":"2023-10-19T20:09:02+00:00","mainEntityOfPage":{"@id":"https:\/\/inbudgetalerts.com\/?p=3378"},"wordCount":561,"commentCount":0,"publisher":{"@id":"https:\/\/inbudgetalerts.com\/#organization"},"articleSection":["Investment"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/inbudgetalerts.com\/?p=3378#respond"]}]},{"@type":"WebPage","@id":"https:\/\/inbudgetalerts.com\/?p=3378","url":"https:\/\/inbudgetalerts.com\/?p=3378","name":"Brent oil ends higher as investors monitor Israel-Hamas war, talks on Venezuela sanctions | InBudgetAlerts","isPartOf":{"@id":"https:\/\/inbudgetalerts.com\/#website"},"datePublished":"2023-10-19T20:09:01+00:00","dateModified":"2023-10-19T20:09:02+00:00","description":"Oil futures finished Tuesday on a mixed note, with U.S. prices unchanged for the session and global benchmark crude settling with a modest gain, after","breadcrumb":{"@id":"https:\/\/inbudgetalerts.com\/?p=3378#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/inbudgetalerts.com\/?p=3378"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/inbudgetalerts.com\/?p=3378#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/inbudgetalerts.com\/"},{"@type":"ListItem","position":2,"name":"Brent oil ends higher as investors monitor Israel-Hamas war, talks on Venezuela sanctions"}]},{"@type":"WebSite","@id":"https:\/\/inbudgetalerts.com\/#website","url":"https:\/\/inbudgetalerts.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/inbudgetalerts.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/inbudgetalerts.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/inbudgetalerts.com\/#organization","name":"Fintech Advance","url":"https:\/\/inbudgetalerts.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/inbudgetalerts.com\/#\/schema\/logo\/image\/","url":"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/inbudgetalerts.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/inbudgetalerts.com\/#\/schema\/person\/5fadb0c23fa3bfd2762b1a5dcce46da3","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/inbudgetalerts.com\/#\/schema\/person\/image\/","url":"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/inbudgetalerts.com"],"url":"https:\/\/inbudgetalerts.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=\/wp\/v2\/posts\/3378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3378"}],"version-history":[{"count":1,"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=\/wp\/v2\/posts\/3378\/revisions"}],"predecessor-version":[{"id":3380,"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=\/wp\/v2\/posts\/3378\/revisions\/3380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=\/wp\/v2\/media\/3379"}],"wp:attachment":[{"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}