WTI Crude Turns Positive, Last at $97.47 a Barrel After 2% Drop

A 2% intraday drop that flips to green is a positioning story more than a fundamentals one: someone was forced to cover, or dip-buyers stepped in ahead of a level the market cares about. Because the item gives no catalyst, the honest read is that the move itself is the signal — crude is trading on flow and sentiment, not fresh supply or demand news. For crypto and RWA desks, the relevance is macro: oil's intraday volatility feeds the same inflation and risk-appetite channel that digital assets track. Whether the reversal holds into the close is the open question.