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Oil prices surge above $100, pressuring stocks and Treasury yields
The global benchmark’s move above $100 coincided with stocks sliding and Treasury yields reaching their highest levels of President Trump’s second term.
Oil prices have rebounded sharply, with the global benchmark topping $100, a move that has weighed on broader markets. WSJ Markets reports that as oil climbed above that level, stocks slumped and Treasury yields rose, hitting their highest levels of President Trump’s second term.
The report frames the selloff as a potential headwind for the economy and for political momentum around the GOP’s midterm hopes, as investors reacted to higher energy costs and the associated market pressure.
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