Oil briefly crosses $100; Treasury yields creep higher
International Brent crude briefly crossed $100 a barrel early Wednesday, rising 2.1% to $99.94. U.S.-Iran fighting intensified as Treasury yields crept higher on inflation pressure from higher energy costs.
-Iran fighting intensified. Treasury yields were edging higher as markets gauged the inflation pressure from higher energy costs. 94 a barrel, having earlier moved above $100.