Oil prices climb above $113 as AI sell-off rattles stocks and investors buy bonds

JUST IN: Oil prices climb above $113 a barrel as the AI-driven tech sell-off rattles stocks, with investors fleeing to US bonds and France's borrowing costs holding above 5%.

Oil just punched through 113 dollars a barrel.

And it picked a strange day to do it, because everything else is running the other way. The AI trade that carried stocks all year is unwinding, and the selling isn't polite. You can see the mood on the trading floors this morning, screens full of red and nobody sitting down.

So money is doing what scared money always does, it's piling into US government bonds. The classic hide under the desk move. Except one desk in Europe isn't looking so safe. France is still paying over five percent to borrow, and that's a number you associate with the eurozone crisis, not with Paris in 2026.

Expensive oil, falling stocks, and a major European economy paying crisis-era rates, all on the same morning. That's not a wobble. That's a market quietly asking who gets left holding the AI bill.

This is Sara White, reporting for HIT.