Bitget Data Shows Brent at $109.21 and WTI at $110.47
According to Bitget, crude oil futures prices rose as mediators made a final push for a 45-day ceasefire between the United States and Iran, based on an earlier BlockBeats report.
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Terms & Concepts
Crude oil futures: Standardized contracts to buy or sell oil at a set price on a future date, often used to track market expectations.
Brent crude: A global benchmark for oil pricing, widely used to price crude produced outside the United States.
WTI crude: West Texas Intermediate, a major U.S. oil benchmark used in futures markets.