- Brent crude rose 0.8% to $95.40 a barrel and WTI gained 0.5% to $90.66 after both contracts surged more than 4% in the prior session.
- Global bonds sold off as higher energy prices revived inflation fears; the 10-year US Treasury yield reached 4.81%, its highest level since 2023.
- Japan’s 10-year government bond yield topped 3% for the first time since 1996 as higher borrowing costs tightened financial conditions.
- Copper fell for a second day as rising oil prices renewed concerns about the global economic outlook.
Quotes
“Supply disruptions remain market's key focus”