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WTI Crude Oil Rises Above $95 a Barrel

WTI Crude Oil Rises Above $95 a Barrel

The move put U.S. benchmark crude back above the $95 level after an intraday gain of 0.59%, according to the provided market update.

Fact Check
The Odaily newsflash dated 2026-06-02T16:18:52Z (sourced from Gate exchange data) reports exactly the claimed price action — WTI breaking above $95/bbl with a 0.59% intraday gain — and was published just before the article's collected_at timestamp. Trading Economics independently confirms WTI was in the $94-96 range during a three-day rally that ended June 4, and SunSirs confirms a 1.7% rise on June 2. The minor discrepancy between intraday peak above $95 and the daily settle at $93.76 is normal for a volatile session and does not contradict an intraday breach of $95.
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Summary

WTI crude oil, the main U.S. oil benchmark, rose above $95 per barrel in intraday trading. The update says the contract was up 0.59% on the day. The source provides only the price level and daily percentage change, with no further details on drivers, timing, or related asset moves.

Terms & Concepts
  • WTI: West Texas Intermediate, a key U.S. crude oil benchmark used to price global energy markets.
  • Intraday trading: Price movement that occurs within a single trading day rather than over longer periods.