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Nikkei index briefly falls over 3% on crude oil, bond yields rises

TOKYO (Kyodo) -- Tokyo stocks fell sharply on Friday, with the Nikkei index briefly plunging over 3 percent, after the West Texas Intermediate crude o

  • Nikkei index briefly drops over 3% on crude oil surge
  • Bond yields rise, sparking inflation concerns
  • U.S. dollar dips below 154 yen amid Fed rate hike uncertainty

Oil Prices Could Top $120 as Middle East Conflict Escalates

Crude oil prices could top $120 per barrel of Brent crude by the end of the year if fighting in the Middle East continues, RBC Capital Markets’ Helima Croft has warned, as quoted by Reuters.

  • Oil prices could exceed $120 per barrel by year-end
  • Houthi advances threaten Red Sea and Bab el-Mandeb strait
  • Interest rate hikes anticipated amid inflation concerns

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