Oil prices rise as a result of the Israel-Hamas war

International crude oil prices rose on Monday as a result of the armed battle between Israel and Palestinian Hamas militants.

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Meanwhile, India has said that it is closely monitoring the “situation” and would handle it with maturity.

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Brent futures on the Intercontinental Exchange (ICE) were now trading at $86.67 a barrel, up 2.47% from the previous close.

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The 3W sector maintained its robust performance, with successive record-breaking retail sales.