Indeed, traders are increasingly worried that high oil prices and a weakening rupee would force the central bank to raise rates sooner rather than later. The yield on the 10-year bond rose two basis points to 8.18 percent on Tuesday.
oil Market
WTI Crude Oil Backs off From $70 Despite Iran Sanctions
Gold Silver Reports (GSR) – The US official reimpose sanctions on Iran today in a move that will cut global oil supply. The news was accompanied by a presidential tweet.
Iran Decision: What’s at Stake for Global Oil Market?
Gold Silver Reports (GSR) – Iran Decision: What’s at Stake for Global Oil Market? – He could still surprise the world by agreeing to stay in the accord as diplomats try to negotiate side agreements to address his concerns, but foreign leaders and analysts say the president is likely to exit. That could result in renewed sanctions on the third-largest crude producer in the Organization of Petroleum Exporting Countries.
Top Oil Market Summons Poseidon to U.S.-Mideast Crude Fight
Poseidon is wading into the battle between U.S. crude and Middle East supplies in the world’s biggest oil market.
Oil Market Sees Increased Conflict Risk in Saudi Power Shift
Gold Silver Reports — After Mohammed bin Salman’s appointment as crown prince, energy markets need to brace for an even more assertive Saudi Arabian foreign policy that could threaten regional stability in the heart of the global oil industry.