Oil jumps above $100 as 10-year Treasury yield hits Nov 2023 high
Brent crude rose above $100 a barrel, reaching $100.27 in midday trading, up 2.4%. The 10-year Treasury yield hit its highest level since November 2023 as Middle East and inflation concerns weighed on Wall Street.
By Pete Schroeder Brent crude prices moved above $100 a barrel on Wednesday, while the yield on 10-year Treasury debt reached its highest level since November 2023, as Middle East and inflation concerns pressured Wall Street. Brent crude ICEEUR:BRN1! 4%...