WTI Crude Touches $100 as Iran Denies Diplomatic Progress
Photo: TokenPost
West Texas Intermediate (WTI) crude touched $100 a barrel Wednesday, Oct. 21, as Iran denied progress in diplomatic talks, bringing energy costs and broader market risk back into focus. Brent crude, the international benchmark, was quoted at $108.28 a barrel during the session, up $2, or 1.88%. WTI’s $100 mark was a price reached during trading, while the Brent figure was a snapshot. Neither figure represents a closing price. An intraday level shows where oil traded, not where it finished the day. U.S. crude inventories also declined, adding a domestic supply development to the diplomatic news.
Source: TokenPost
