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Brent crude tops $98/bbl, up 1.9% in 24 hours

Brent crude (XBRUSD) rose above $98 a barrel and was last quoted at $98.03, up 1.9% over 24 hours. The move puts the benchmark within $2 of the $100 mark.

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AI take

Brent closing in on $100 is a psychological threshold as much as a technical one, and the proximity itself tends to draw attention from traders watching round numbers. The read-across matters most for tokenized commodity and energy-linked RWA products, where crude exposure is often pitched as a portfolio diversifier. Whether the benchmark actually tests $100, or stalls just short as it did on the approach, is the open question worth tracking.

Generated by AI for reference only.

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