Brent nears $108, oil surge pressures long-end Treasury yields

Brent crude jumped 4.4% to $107.65, approaching $108, while WTI rose 4.4% to $96.18, intensifying energy-market stress. The move pushed long-term Treasury yields higher, compounding pressure from decade-high levels set the prior day. The surge suggests supply concerns or geopolitical risk are driving prices, with implications for inflation and rate expectations.