Brent crude jumps 4% intraday to $79 a barrel, WTI up nearly 4%
Oil prices moved sharply higher in the latest session, with Brent reaching $79 a barrel and WTI posting a near-4% gain, according to Gate data.
GT
Fact Check
Multiple sources confirm the claim. The Odaily flash explicitly states Brent up 4% intraday to $79 and WTI up nearly 4%, and the BlockBeats flash confirms WTI +4%/Brent nearly 4%. Independent English-language reporting (OpenTheMagazine) corroborates Brent reaching a day high of $79.15 and WTI moves of ~4-5%, all attributed to escalating US-Iran conflict. Numbers, direction, and cause align across independent sources, supporting the claim as likely true.
Summary
Brent crude rose 4% during the day to $79 a barrel, while WTI crude gained nearly 4%, according to Gate data. The move points to a broad upswing in oil prices during the session, with both major benchmarks advancing in tandem.
Terms & Concepts