In the Options Pits
Crude futures closed higher today, catching a lift from the intensifying conflict between Israel and Palestine. December-dated oil settled on a gain of $1.22, or 1.4%, at $86.67 per barrel. For the week, crude advanced 0.8%.
Gold futures managed a minor gain, with geopolitical anxiety helping the precious metal bounce back from Thursday's drubbing. The December contract tacked on 90 cents, or roughly 0.1%, to close at $1,714.70 per ounce. On a weekly basis, however, gold fell 0.9%.
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Recent XIV Action May Bode Well for Bulls
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