WTI crude oil surges 5% intraday, Brent crude breaks above $80/barrel

CoinFeed July 8 news, according to Bybit data, WTI crude oil surged 5.00% intraday, currently quoted at $75.61/barrel. WTI crude oil futures broke through $76/barrel, up 7.89% intraday. Brent crude broke above $80/barrel, the first time since June 22, up 5.54% intraday.