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Brent crude, the international benchmark, slid by 0.1% to $73.23 a barrel. Gold rose 0.97% to $2,639.9 an ounce. The 10-year Treasury yield dropped four basis points to 4.375%.
Brent crude, the international benchmark, was lower by 1.01% to $75.27 a barrel. Gold slid 0.59% to $2,732.47 an ounce. The 10-year Treasury yield ticked higher three basis points to 4.242%.
The 10-year US Treasury yield jumped back above 4% on Monday, touching its highest level in about two months. ... Stock market today: Indexes drop and yields, oil prices spike ahead of earnings ...
English: The chart in the figure shows the change in WTI oil prices between 2013 and 2023 (data availability by CNBC). The x-axis of the graph shows dots of different colours for each year, representing the start price, end price, and the highest and lowest prices for each year. y-axis represents the price of oil in US dollars per barrel.
In the bond market, Treasury yields were ticking higher to tack more gains onto their sharp rise for the month so far. The yield on the 10-year Treasury rose to 4.28% from 4.24% late Friday.
The day after oil fell nearly 5 percent to a four-month low, the fourth down week finished with Brent at $80.61 and WTI at $75.89 as a result of continued bad news from China, high U.S. inventories and record production, with sanctions on Russian oil shipments causing prices to increase.
With U.S. crude oil prices rallying on Tuesday, Nolte also cited recent strength in oil prices as a damper to the Fed's efforts to push inflation back to 2%. "Everybody has been expecting the Fed ...
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