Oil Prices Plunge 3% as Market Weighs Israeli Attack on Gaza

Oil prices plunged by 3% on Monday as market sentiment hedged its bets that Israel’s ground invasion of Gaza would not have global repercussions impacting oil and gas supplies.  On Monday at 1:45 p.m. Brent crude was trading down 3.09% at $87.68 per barrel for a loss of $2.80 on the day. West Texas Intermediate (WTI) was trading down 3.66% at $82.41 per barrel, for a loss of $3.13 on the day.  The plunge in prices comes as Israel on Monday intensified its ground invasion in the northern Gaza Strip, with the death toll…