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Brent crude oil futures for September delivery surged 6% to $99.7 per barrel, marking the highest level since June 3, according to data from Gate. The sharp rally reflects heightened market volatility and potential supply concerns. Meanwhile, spot silver dropped 3% to $57.87 per ounce, indicating divergent movements across commodities. The crude oil spike may fuel inflationary pressures and influence risk appetite in intraday trading, while silver's decline suggests profit-taking or shifting investor sentiment.
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