Brent Crude Rises 3.6% in 24 Hours to Top $112 a Barrel

Brent crude rose above $112 a barrel, putting energy-driven inflation and broader risk sentiment in focus for crypto traders as the oil benchmark recorded a 3.6% gain over 24 hours.

Brent was quoted at $112.06 per barrel at 2:29 p.m. ET Friday (18:29 UTC). That put the price 6 cents above the $112 mark, while the 3.6% figure covered the preceding 24 hours. The quoted level and percentage describe separate parts of the move: the first is a price at one moment, and the second is the change across a full day.

For crypto traders, the oil move brings energy costs into the discussion of inflation pressures and broader appetite for risk. The advance itself was in Brent crude, with the quoted price moving past $112 and the stated 24-hour change at 3.6%. Those figures frame the market development as an energy-price move that puts inflation and risk sentiment in the foreground for crypto traders.