Geopolitical Wildcards Could Push Oil Beyond $70

Two of this week’s main market highlights were the continued oil prices rally—with Brent touching above $70 a barrel on Thursday for the first time since December 2014—and a sell-off of U.S. Treasury bonds in the middle of the week. The U.S. government bond sell-off pushed yields on the benchmark 10-year Treasury bonds to a 10-month high at above 2.5 percent. Generally, yields on Treasury notes go up when there’s less demand for them, and go down when demand is high. While a number of factors have combined to push U.S. government…

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