Oil prices dip as markets debate hit from Middle East turmoil

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Oil prices dip as markets debate hit from Middle East turmoil
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Oil prices edged down slightly on Tuesday after gaining more than 4% in the previous session as markets weighed the potential for supply disruptions as the...

- Oil prices edged down slightly on Tuesday after gaining more than 4% in the previous session as markets weighed the potential for supply disruptions as the conflict between Israel and the Palestinian Islamist group Hamas continued.

While Israel produces very little crude oil, markets worried that if the conflict escalates it could hurt Middle East supply and worsen an expected deficit for the rest of the year. Iran is complicit even though the United States has no intelligence or evidence that points to Iran's direct participation in the attacks, a White House spokesperson said on Monday.

Canadian landmarks were lit up in solidarity for Israel on Sunday as the country lashes back at an unprecedented terror attack. Disturbing video shows a 25-year-old woman begging Hamas fighters not to kill her as she's taken hostage and driven into Gaza on a motorbike

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