Brent crude futures climbed by 84 cents, representing a 0.9% increase, reaching $89.76 per barrel by 11:38 a.m. ET (1538 GMT). Similarly, U.S. West Texas Intermediate futures experienced a gain of 76 cents, or 0.9%, reaching $85.91 per barrel.
Higher Treasury yields can curb investors appetite for stocks and other risky assets by tightening financial conditions as they raise the cost of credit for companies and individuals.
The BofA data captures flows from the run-up to this week s key central bank meetings from the Federal Reserve and the Bank of England, where both held rates steady.