US crude oil prices have surged above $87 per barrel, marking the highest level since July 24th. President Trump predicted an « Economic D-Day » for Iran, signaling potential geopolitical tensions that could impact oil supply. Treasury yields remain elevated, with the 10-year hovering around 4.65% to 4.70%, adding to inflationary pressures. Prediction markets indicate a 14% probability that crude oil will reach a new all-time high by December 31st. Market participants are weighing these geopolitical tensions alongside factors such as OPEC production levels and global demand.
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