WTI and Brent Crude Prices Ease as Daily Gains Narrow

WTI crude traded around $95.6 per barrel and Brent settled near $98.7, reflecting a moderation in oil market momentum across global benchmarks.

Summary

Bybit reported that WTI crude traded at $95.6 per barrel and Brent at $98.7, with daily gains shrinking below 5% and 6% respectively as oil prices turned lower, indicating a moderation in market momentum.

Terms & Concepts
  • WTI crude: West Texas Intermediate, a primary U.S. crude oil benchmark used for pricing and trading.
  • Brent crude: A global oil benchmark representing North Sea crude, widely used in international trade.