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US borrowing costs hit highest level since 2007 as oil prices jump

Published: Sep 16, 2026, 6:39 AM

US borrowing costs hit highest level since 2007 as oil prices jump

The global benchmark wholesale oil price rose to over $109 a barrel on Tuesday, up from around $86 at the end of August, after renewed concerns about Saudi Arabia's ability to export oil following rising tensions in the region.