Brent Crude Pulls Back to $106, Up 3.0% in 24 Hours

A 3% daily gain paired with a pullback to $106 suggests the move is being driven by momentum and headline flow rather than a clean repricing of supply and demand. For crypto and RWA markets, the relevant channel is macro: energy strength feeds inflation expectations, which in turn shapes the rate backdrop that tokenized real-world assets and risk appetite trade against. Whether crude holds these levels or gives back the gain is the open question, since a sustained energy bid would keep that macro pressure in place.