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Oil Prices Jump as WTI Reaches $106.50 and Brent Tops $109

According to Gate and Bybit market data, WTI crude rose to $106.50 and Brent moved above $109 intraday, extending earlier gains and marking Brent’s first move above $109 since March 23.

GT

Fact Check
The strongest direct support is the supplied Odaily flash '美、布两油短线拉升，美油站上 100 美元', which explicitly says Gate data showed WTI above $100 and Brent above $103 intraday. This is further reinforced by the later Odaily flash 'WTI 原油向上触及 102 美元/桶，创 4 月 13 日以来新高', which reports WTI at $102 and Brent at $104.27. The earlier Odaily item '美、布两油日内涨幅一度扩大至 2%' shows prices just below those levels beforehand, matching the sequence of later threshold breaks. Reuters' 'Oil prices jump 4% on US blockade of Iran after talks break down' is not same-day confirmation, but it independently shows both benchmarks were already near $100 by mid-April, making the claimed April 28 levels plausible. Because the direct evidence comes from Odaily relaying Gate market data rather than a fetched primary Gate or exchange record, the claim is best rated likely_true with medium confidence.
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Summary

According to Gate and Bybit market data, oil prices strengthened sharply over the session, with West Texas Intermediate crude advancing from earlier reported levels near $98.92 and above $100 and $103 to $106.50 per barrel, while Brent crude rose from around $102 and above $103 and $105 to above $109. Gate reported WTI up as much as 4.54% and Brent up 3.12% at one stage, while Bybit later showed WTI up 5% intraday. Bybit also stated that Brent’s move above $109 was its first advance above that level since March 23. The sequence indicates sustained upward momentum in the two main oil benchmarks during the trading session.

Terms & Concepts
  • WTI crude: West Texas Intermediate, a major U.S. oil benchmark used to price crude futures and track domestic energy markets.
  • Brent crude: A leading global oil benchmark based on North Sea production, commonly used to price international crude exports.
  • Intraday: A market term describing price moves that occur within the same trading day.