WTI crude oil rises 4% intraday, priced at $103.45 per barrel.

WTI crude oil has risen by 4% intraday, currently quoted at $103.45 per barrel. Recent fluctuations in geopolitical circumstances, supply-side uncertainties among major oil-producing countries, and changes in global energy demand expectations have all supported the trend of international crude oil prices. The volatility in oil prices will further transmit to related sectors such as transportation and industrial production, having a corresponding impact on global inflation levels and the broader economic environment.