Oil climbs above $91 to push global markets under renewed stress

Oil climbs above $91 to push global markets under renewed stress

News : Global financial markets came under renewed pressure today as rising energy prices helped fuel inflation concerns. Brent crude rose back above $91 a barrel, and government bond prices eased in a number of major developed economies. A jump in energy prices helped to prompt concern that the inflation-fighting high rates of interest will last longer.

The rise in energy prices, coupled with a jump in bond prices in major developed countries and the jump up in prices for gold and metals helped support these concerns, while yields on Japanese government debt jumped to around 3% with 10-year US Treasury prices sliding to a yield of 4.78%.

The situation leaves investors wary of tensions and conflict in the Middle East due to the potential for energy supplies to be impacted further and leaves the world of politics grappling with the ever-present issue of whether to prioritize fighting inflation over boosting the economy. Prices for gold rose by $9.72 to $1.315 an ounce on the New York Mercantile Exchange (NYMEX). Market movements in the coming weeks will be largely tied to the oil market, inflation and employment reports and the course of geopolitical disputes in the region.

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Technology 

• Sep 2, 2026
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