Brent crude rises 0.5% to $104.82; WTI tops $92

A single-session move of this size is modest, and the item gives no catalyst behind it, which is the real signal here: oil is drifting higher without an obvious headline driver. That matters for anyone watching the inflation and rates channel, since sustained crude strength feeds through to transport, freight and input costs, and it sits alongside crypto and RWA markets that trade as risk assets. The open question is whether this is a one-day drift or the start of a trend, and what, if anything, is actually driving it.