Brent Crude Rises 3% to $98.31 a Barrel on Sept. 30
West Texas Intermediate crude oil gained 2.6% in the same market move.
Brent crude oil rose 3% intraday on Sept. 30 to $98.31 a barrel, marking a sharp move higher in a market watched closely for its links to inflation and broader risk sentiment.
West Texas Intermediate crude oil, the main U.S. oil benchmark, gained 2.6% in the same market move. The gains in both benchmarks indicate that the advance extended beyond Brent rather than being limited to a single contract.
Higher oil prices are relevant to crypto markets because energy costs can influence inflation expectations, interest-rate views and appetite for riskier assets.
The latest figures describe an intraday move and do not establish how long the gains will last. Brent was last quoted at $98.31 a barrel, while WTI was up 2.6%.
