Plus, AI jitters at banks and Berkshire’s home-builder bet

Something Chevron's CEO said at an energy conference puts the White House's oil price message in a difficult spot

Happy Tuesday. Stocks were climbing as investors balanced falling oil prices and potential Middle East diplomatic developments against ongoing geopolitical tensions and a strong prior-day market rally. The rally helped push markets higher on Monday, as oil prices and Treasury yields retreated.

Yields on U.S. Treasurys fell across the curve early Wednesday, as oil prices extended their decline.

Oil prices sank to a two-week low on Tuesday as Saudi Arabia signalled that it was preparing to restart its key East-West pipeline and resume crude exports from its Red Sea coast.

“A typical household in the Northeast that depends on heating oil might use anywhere between 800 and 1,000 gallons during a heating season. And obviously, with the numbers we're talking about now-that's a $6,000 bill compared to maybe a $3,500 or $4,000 bill in previous years,” Kloza said.

This week we're feeling temperatures going down, but the cost of oil continues to go up. Some people need that oil to keep their homes warm.

Yields on U.S. Treasurys held steady early Wednesday, as oil prices were volatile.