Post #150959

Bond markets brace as oil climbs toward $100 a barrel World stocks were on track for their longest losing streak in two years on Thursday as the sight of oil prices heading for $100 a barrel compounded concerns about persistently high global interest rates. There was brief respite from the dollar's strength in the currency markets /FRX but it was Wednesday's big drop in U.S. crude stocks that jangled the nerves of another supply-side shock just when the global economy needs it least. U.S. crude had hit $95 a barrel for the first time since August 2022 while Brent prices were nudging up in early London trading again after they had hit a one-year high of $97.69. read more