Oil Slides: WTI Crude Drops Below $90 a Barrel, Down Over 3% Intraday

The move matters less for the headline level than for the signal: both benchmarks giving way at once suggests broad repricing rather than a single-contract quirk. It touches anyone whose costs or margins ride on crude, from refiners to transport and petrochemicals, and by extension the inflation outlook that shapes rate expectations. Whether this slide continues or stabilizes is the open question, and the spread between WTI and Brent is worth watching for clues on where the pressure is concentrated.