00:00A sharp jump in oil prices is rattling financial markets on Thursday, with Brent crude climbing
00:06above $105 a barrel as geopolitical tensions and explosions in Saudi Arabia raise fresh
00:12concerns about global supplies. U.S. crude also jumped more than 5 percent, while the 10-year
00:19Treasury yield pushed toward 5.35 percent, adding pressure to stocks. The S&P 500, Dow,
00:26and Nasdaq all moved lower as investors weighed the risk that higher energy costs could reignite
00:32inflation. The market is now confronting a renewed combination of geopolitical risk,
00:37expensive oil, and higher borrowing costs.
