Brent crude jumps 4.0% intraday to $108.81 a barrel; WTI up nearly 4%

The size of the single-session move matters more than the level: a 4% intraday jump in both benchmarks points to a supply or geopolitical shock being priced quickly rather than a gradual demand shift. That distinction matters for crypto and RWA markets, where energy-linked inflation expectations tend to feed into the macro backdrop that drives risk appetite. Whether the move holds into the close, or fades as it did in prior spikes, is the open question — one-day oil moves have a poor record of persistence.