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The concern has been that this conflict in israel, between israel and hamas would lead to a widening Global Crisis that would threaten the Global Oil Supply and thats why we have seen these crude Oil Prices Rise in the last week, rising up 7. 5 , marking its biggest weekly rise since february. This morning we are seeing that we can to steady and there are a couple of reasons why there are a couple of reasons why the market is changing its tune is one of them is Bank Earnings which we pointed out...

It�*s just reported it made $2.8 billion dollars in profits thanks to higher oil and gas prices and that�*s better than most analysts were predicting. the oil giant is also upping it�*s dividend by 4% and ramping up it�*s share buy—back programme. fiona cincotta, senior market analyst at city index and joins me now from majorca. nice to see you. as i say, all the numbers look good for bp but we would expect that because the price of oil has been surging in recent months. :, , : :, , of...

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