Oil Surges Past $105 Brent, Wall Street Falls Third Day on Yield Pressure

Brent crude surpassed $105 per barrel and U.S. crude jumped above $95, while rising bond yields continue to pressure tech stocks, dragging Wall Street to a third consecutive decline. The oil spike likely reflects supply concerns, though the specific driver is not stated. The combination of higher energy costs and elevated yields threatens equity valuations and adds to stagflationary risks.