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Global stocks fall, US yields rise as oil prices reach new highs - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Global equity markets dipped while US Treasury yields rose sharply on Tuesday as investors weighed the prospects of higher inflation following a phased ban of Russian oil imports by the European Union that has lifted crude prices to new highs.

EU leaders agreed in principle to cut 90% of oil imports from Russia, the bloc’s toughest sanction yet on Moscow since the invasion of Ukraine in February.

US West Texas Intermediate crude was also down 0.06% trading at $115.02 a barrel, reversing earlier trading gains. Treasury yields also rose, driven in part by hawkish comments from Federal Reserve Governor Christopher Waller on Monday.

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According to Biden Russia-Ukraine War is responsible for ALL inflation, high energy costs, global misery leading to the “Economic Hurricane” JP Morgan predicts. If true, doesn’t it make sense to quickly end the Putin regime, stopping the War and re-opening Russia energy?

I no longer trust SABCNews

it's midnight and you're telling us about USA not Glencore. how useful is this?

Peter reminds you to not play stupid with me! I’m better at it.

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