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Oil Surges Past $108 as Inflation Fears and Yield Spike Batter Wall Street

Associated Press Read original source (opens in a new tab)
The Story

News Summary

  • Oil surged above $107 per barrel amid escalating Middle East conflict, exacerbating inflation fears and driving 10-year Treasury yields up to 4.95%.
  • Rising odds of imminent central bank interest rate hikes triggered widespread losses across the S&P 500, Dow Jones, and Nasdaq.
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BRENT price history

108.40 +66.97% over the displayed period

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