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(Bloomberg) -- Oil surged after Hamas’ surprise attack on Israel over the weekend threatened to destabilize the Middle East, injecting fresh geopolitical risk into a market that’s been roiled by OPEC+ supply cuts, declining inventories, and concerns that lofty prices may destroy demand.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionAs Israel-Hamas War Rages, Oil Traders Focus on IranOil Jumps as Hamas’ Attack on Israel Fans Middle East TensionsChina Calls For

Global benchmark Brent rallies more than 5% in intraday trade

West Texas Intermediate traded near $87 a barrel as a war-risk premium returned to markets. The combined death toll topped 1,100 as fighting headed into a third day, while the US said it was sending warships to the region.

Oil surged as much as 5% after the broadest and bloodiest attack on Israel in decades threatened to inflame tensions in the Middle East, the source of around a…

Brent for December delivery rose 3.7% to $87.68 a barrel.