WTI Crude Oil Futures Jump 3% Intraday to $104.95 a Barrel

A 3% single-session move in WTI is notable mainly for its speed, not its level — the benchmark is being repriced intraday rather than drifting on a slow-building fundamental story. The read-through lands hardest on assets whose economics are tied to crude input costs, and on the inflation expectations that feed into rate-sensitive corners of crypto and tokenized real-world assets. Whether the move holds into the close, or fades as it did on prior intraday spikes, is the open question.