Oil prices pull back from intraday highs; Brent turns negative, WTI nears flat

The reversal matters less for its size than for what it says about conviction: an early spike that fades to flat suggests traders are unwilling to hold risk through the session, even without a named catalyst. For crypto and RWA markets, which have leaned on oil-driven macro sentiment as a risk proxy, that fragility is the signal worth noting. Whether this intraday pattern repeats across sessions is the open question.