Brent crude falls below $100 for first time since Oct 7, down over 4%

The significance here is less the headline number than the timing: Brent breaking a level it has held since early October suggests the risk premium that built up in crude is being unwound, and the near-identical 4% moves in both benchmarks point to a broad repricing rather than a contract-specific quirk. That matters most for energy-heavy inflation readings and for assets whose fortunes have tracked oil's climb. The open question is whether this is a one-session flush or the start of a sustained de-risking in commodities.