EDITORS NOTE: Graphic content / TOPSHOT - A plume of smoke rises above buildings in Gaza City on October 7, 2023 during an Israeli air strike.
(Photo by MAHMUD HAMS / AFP) (Photo by MAHMUD HAMS/AFP via Getty Images)Crude oil prices could see a spike on Monday but the overall impact of the attack on Israel by Palestinian militants Hamas will likely be limited, energy experts told CNBC.
"We may see a knee-jerk surge in crude prices when markets open on Monday," Vandana Hari, CEO of Vanda Insights, told CNBC via email.
The incursion came hours after the Islamist militants fired thousands of rockets into Israel from Gaza.
Civilians including women, children and the elderly have been abducted, and others killed in their homes, Israeli Prime Minister Benjamin Netanyahu said.
Persons:
MAHMUD HAMS, That's, Vandana Hari, Hari, —, Benjamin Netanyahu
Organizations:
Getty, CNBC, Vanda Insights, —
Locations:
Gaza City, Israel, Gaza, AFP, U.S, Union