CRUDE WRAP: WTI (J6) SETTLES USD 2.98 HIGHER AT 98.71/BBL; BRENT (K6) SETTLES USD 2.68 HIGHER AT 103.14/BBL

Oil prices rallied significantly, with WTI and Brent both settling higher, likely driven by geopolitical tensions and supply concerns. This increase could put upward pressure on inflation and influence currency markets, especially for commodity-linked currencies like CAD and AUD. Traders should watch for potential shifts in energy stocks and overall risk sentiment in relation to these moves.