Brent Crude Falls 7% Intraday as WTI Drops More Than 6%

Brent crude fell 7% intraday to $96.45 per barrel, while West Texas Intermediate (WTI) crude dropped more than 6% to $90.25. The sharp move put energy prices in focus for investors weighing inflation expectations and sentiment across asset classes.

Both benchmarks declined by a similar scale, although Brent's move was given as an exact percentage. WTI's loss was more than 6%, with no precise percentage specified. The quoted prices are per barrel, and the percentages describe intraday changes rather than final daily results.

Oil's decline matters beyond commodity trading because investors monitor energy prices when assessing inflation expectations and broader market sentiment. The session's move puts those themes alongside steep declines in both Brent and WTI. The quoted levels were $96.45 for Brent and $90.25 for WTI.