WTI crude futures gave up part of their earlier advance, with gains narrowing to 2.9% and the contract quoted at $90.9 a barrel, according to data cited by Odaily from Gate. Earlier in the move, WTI had risen by more than 5% before the sharp intraday drop.
Gate data also showed that both major oil benchmarks fell by $2 in short-term trading. U.S. crude was quoted at $90.24 a barrel, while Brent crude was quoted at $102.34 a barrel. The update captures a quick reversal in energy prices during the session, with WTI retreating from a stronger earlier rise.
WTI crude futures fell sharply in short-term trading, cutting their gains to 2.9% and trading at $90.9 a barrel, according to Gate data cited by Odaily. Earlier, the contract had risen by more than 5%.
The same data showed that U.S. crude and Brent crude both dropped by $2 in a short-term move, with prices at $90.24 a barrel and $102.34 a barrel, respectively.
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