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Oil prices surge as investors worry about supplies and inflation

Crude oil reached its highest levels in months while bond yields kept rising amid concerns over energy supply and faster inflation.

Reported · Written up by our desk · Energy

Oil prices jumped, reaching their highest levels in months, as investors focused on supply worries, The New York Times Business reports.

At the same time, bond yields continued to rise, reflecting growing concern that inflation could accelerate.

The combination of higher oil and rising yields pointed to investor anxiety that diminishing energy supplies could feed into broader price pressures.

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