Oil Advances in New York After Airstrikes by Israel
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Oil advanced after Israel carried out a series of airstrikes in the Gaza Strip that killed the leader of Hamas’s militant wing, bolstering concern that unrest in the Middle East will intensify and affect supplies.
Futures rose 1.1 percent after an attack killed Ahmed al-Jabari, according to Ashraf al-Qedra, a spokesman for the Hamas-run Health Ministry. Israel said it was ready to use ground troops to end attacks after more than 115 rockets were fired from Gaza into Israel this week.