Brent crude falls 1.5% intraday to $106 a barrel

The move itself is modest — a single-session pullback in a benchmark already near triple digits — so the signal is less about the level than about which narrative is currently driving crude. Because the item offers no catalyst, the decline reads as positioning or sentiment rather than a repricing of supply and demand. That matters for inflation-sensitive assets, including crypto, which have traded as a loose proxy for the same macro risk appetite. Whether this pullback extends or reverses without an identifiable trigger is the open question.