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WTI Crude Oil Surges 11%, Exceeding $90 Per Barrel

U.S. benchmark West Texas Intermediate crude jumps over 11%, surpassing the $90 mark amid rising energy market volatility.

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Terms & Concepts
  • WTI (West Texas Intermediate): A key U.S. benchmark for crude oil pricing, reflecting light and sweet oil traded in global markets.
  • Crude Oil Futures: Financial contracts obligating the buyer to purchase or the seller to sell oil at a predetermined price and date.