A post by @FirstSquawk on X.

Brent crude futures settled at $98.29 per barrel on the day, a gain of $3.67 or 3.88%, according to a First Squawk market update. The move marks a sharp single-session rally in the global oil benchmark. The size of the advance matters because Brent serves as the reference price for a large share of internationally traded crude, so the settle feeds directly into physical cargo pricing and derivative valuations. Traders will watch whether the next session holds above the $98 level or gives back part of the gain.