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Brent Crude Rises 4.2% Above $106 a Barrel in 24 Hours

Brent crude was quoted at $106.05 a barrel at 1:38 a.m. ET Wednesday (05:38 UTC). The move adds to inflation and macro-risk concerns for crypto markets.

Steel oil barrel beside refinery storage tanks in morning light / TokenPost.ai
Steel oil barrel beside refinery storage tanks in morning light / TokenPost.ai

Brent crude rose above $106 a barrel Wednesday after gaining 4.2% over 24 hours, adding to inflation and macro-risk concerns for crypto markets.

The benchmark was quoted at $106.05 a barrel at 1:38 a.m. ET (05:38 UTC).

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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