Brent crude jumps 3.0% to $98.35 a barrel, WTI up 2.5% to $92.83

The scale of the single-session move is the story here, not the absolute levels: a 3% jump in Brent is the kind of gap that tends to reset near-term inflation expectations and risk appetite well beyond energy desks. The transmission channel worth watching is whether this proves a one-day repricing or the start of a sustained shift, since persistent crude strength feeds through to transport, input and consumer costs, and complicates the rate path for central banks. For crypto and RWA markets, the read-through is indirect but real, as higher energy-driven inflation can pressure the liquidity conditions that risk assets depend on.