WTI crude jumps 3.5% to $94.7/barrel

The sharp intraday jump amplifies existing supply-side anxiety, signaling that the market is pricing in a tighter physical balance rather than a speculative blip. The move's significance lies in its potential to feed through to inflation expectations and broader risk sentiment, which could ripple into rates and commodities-linked assets. Whether this strength holds above the psychological $95 level or triggers profit-taking is the key dynamic to watch, as sustained momentum would likely deepen the supply narrative's grip on the complex.