CommoditiesMedium•29 September 2026•
1 min read
Oil Price Surge Pressures Global Bonds Despite Saudi Pipeline Recovery
Key Facts
1Brent crude hit an intraday high of nearly $109 per barrel before easing to around $105.
2Saudi Arabia resumed oil flows through its East-West pipeline, mitigating further sell-offs.
3Surging energy costs triggered a broad sell-off in core bonds and US Treasuries.
Brent crude hit an intraday high of nearly $109 per barrel before easing back to around $105. ActionForex reported that Saudi Arabia resumed oil flows through its East-West pipeline, which helped mitigate further sell-offs after the initial price spike.
The surge in energy costs triggered a broad sell-off across core bond markets and US Treasuries on September 29, 2026. US Treasury yields rose between 5.4 and 8.2 basis points in a bear-flattening move, while German bund curves also experienced upward pressure amid significant energy sector volatility.