Brent Crude Falls 5% Intraday as WTI Drops 4.6% in Monday Trade

Brent crude fell 5% intraday and West Texas Intermediate (WTI) dropped 4.6% Monday, putting a sharp oil move in view for crypto traders tracking inflation and interest rates.

Brent traded at $92.98 a barrel and WTI at $86.27 in a 9:25 a.m. ET (14:25 UTC) snapshot. The prices and percentage changes describe trading at that point in the session, before a daily close.

The decline extended to oil-linked futures in China. The main SC crude contract fell 5.29%, while low-sulfur fuel oil dropped 4.64%. Fuel oil slid 5.36%, and asphalt declined 3.27%.

The snapshot places the Brent and WTI declines alongside losses in those contracts during the same trading period. It does not show how far either crude benchmark moved from its previous session’s close. For crypto traders, the oil move is a macroeconomic development to track alongside inflation and interest rates.