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Brent and WTI Crude Surge Over 10% to Exceed $100 Per Barrel

Both major crude benchmarks—Brent and West Texas Intermediate (WTI)—rallied more than 10%, surpassing $100 a barrel amid heightened market volatility.

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Terms & Concepts
  • Brent crude: A major global oil benchmark used to price international oil trades.
  • WTI (West Texas Intermediate): A key U.S. crude oil benchmark commonly used in North American markets.
  • barrel: A standard unit of measurement in oil markets equal to 42 U.S. gallons or about 159 liters.