Oil Prices Climb as Global Markets Turn Nervous
Global oil prices have surged to their highest levels in months, driven by renewed conflict between the U.S. and Iran, rattling equity markets and bond yields.
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Global oil prices have surged to their highest levels in months, driven by renewed conflict between the U.S. and Iran, rattling equity markets and bond yields.
Investors added a net $46.1 billion to global money-market funds in the week through September 2 as US-Iran tensions and a global bond selloff increased demand for cash and shorter-duration debt.
Global markets turned cautious on Friday ahead of Federal Reserve Chair Kevin Warsh's first Jackson Hole keynote, with investors seeking clarity on how the central bank will respond to inflation.
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