WTI crude oil surged 6% intraday, hitting a new high since April 8

Odaily Planet Daily News: According to Gate data, WTI crude oil surged 6.00% intraday, hitting a new high since April 8, currently trading at $107.49 per barrel. This follows data from the U.S. Energy Information Administration (EIA) showing that the amount of crude oil extracted from the Strategic Petroleum Reserve (SPR) in the latest week rose to its highest level since October 2022.