Oil Near $100, Treasury Yields Near 5%, Bitcoin’s Resilience: 3 Charts To Watch This Week

Oil’s retreat from $100 a barrel, Treasury yields near multi-year highs, and Bitcoin’s uneven recovery could shape the market narrative this week, with investors watching whether pressure from energy and rates spills into risk assets.

Oil Near $100: Is The Supply Shock Easing?

WTI crude oil futures for October were trading around $98 a barrel Monday morning, down more than 2%, after ending the previous week at about $100.05. WTI had climbed over $105 during the week before pulling back on easing concerns about prolonged Saudi supply disruptions.

WTI crude oil futures jumped 4.38% last Monday to settle at $105.83 a barrel after Saudi Arabia suspended oil loadings at its Red Sea port of Yanbu following attacks by Iran-aligned Houthi forces on the kingdom’s East-West pipeline.

Prices eased after Saudi Arabia indicated that its East-West pipeline could resume roughly half of its capacity within days. U.S. Central Command also said oil shipments through the Strait of Hormuz had reached a six-month high, helping reduce some of the immediate supply concerns.

For markets, another sustained move above $100 could reinforce concerns about inflation and keep pressure on longer-term Treasury yields. The United States Oil Fund (USO) moved 1.6% lower in pre-market trade on Monday. On Stocktwits, retail sentiment around the ETF fell to ‘neutral’ from ‘bullish’ territory over the past week.