Crude oil prices moved higher in the latest trading session, according to data from Gate. West Texas Intermediate, a key U.S. oil benchmark, rose above $105 per barrel with a 2.92% intraday gain. Brent crude, the international oil benchmark, increased 2.47% to $106.44 per barrel, marking its highest level since May 5. The move points to a broader rise in energy prices, which traders often monitor closely because commodity volatility can influence inflation expectations and risk sentiment across financial markets, including digital assets.