Brent crude oil surpasses $102, up more than 1% intraday

Brent crude oil over-the-counter trading has surpassed the $102 mark, with an intraday increase of more than 1%. As one of the core benchmarks for international oil prices, the movement of Brent crude oil prices typically has a linked impact on the global energy market, transportation costs, and even inflation levels in multiple countries. This price increase is also the result of various market factors coming into play.