Crude jumps above 107abarrelamidconcernsoverMiddleEastconflictandout−of−controlgovernmentborrowingNervousinvestorsacrossbigeconomieshavebeendumpinggovernmentbonds,drivingupthecostofborrowing,assurgingoilpricesamplifiedfearsaboutrisinginflation.Thecostofabarrelofoiljumped6107 a barrel amid concerns over Middle East conflict and out-of-control government borrowing Nervous investors across big economies have been dumping government bonds, driving up the cost of borrowing, as surging oil prices amplified fears about rising inflation. The cost of a barrel of oil jumped 6% to above 107 on Thursday amid concerns that advances by Houthi rebels along the Red Sea coast in Yemen could choke off Saudi crude exports. Continue reading...