---
title: Mideast and oil
description: Mideast and oil
---

[Granite Group Advisors Blog ](https://blog.ggaretirement.com)

# [Mideast and oil](https://blog.ggaretirement.com/2012/11/19/mideast-and-oil)

 Written by [Granite Group](https://blog.ggaretirement.com/author/granitegroup) | Nov 19, 2012 4:52:53 PM

Over the weekend Israel prepared a ground offensive of the Gaza strip. Oil prices are moving up as a result of these actions (see intraday chart below).  The price move reflects a worry about escalation of war spreading to oil producing countries.  If a cease fire is announced, oil prices start to fall back again. If a compromise cannot be found in the short-term, the cost of goods and services will increase. We hope that a peaceful solution can be found, but if this situation persists, oil stays up and net earnings will be negatively impacted.

Have a Happy Thanksgiving!

 

<https://blog.ggaretirement.com/hubfs/Imported_Blog_Media/oil1.gif>

[View full post](https://blog.ggaretirement.com/2012/11/19/mideast-and-oil)

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