Oil climbs to 16-week high as strikes threaten Saudi supply
TL;DR Summary
Oil prices jumped more than 4% to a 16-week high after strikes on Saudi energy infrastructure and new Middle East attacks heightened supply concerns. Brent traded around $109.29/bbl and WTI near $104.26/bbl as pipeline outages and Red Sea routing disruptions underscored tighter global supplies; diesel futures also surged, with analysts warning prices could lift further if the disruptions last longer.
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- 10-year Treasury yield tops 5% as oil surges and diesel hits new all-time high NBC News
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