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WTI Crude Oil Drops Below $100 Amid Market Volatility

The benchmark U.S. oil price retreats under the symbolic $100 mark as energy markets face renewed selling pressure.

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Terms & Concepts
  • WTI Crude Oil: West Texas Intermediate, a benchmark grade of U.S. crude oil used for pricing and trading futures contracts.
  • Benchmark Price: A reference price used in commodities markets to set the value of contracts or guide trading decisions.