WTI crude oil futures break above $90/barrel for first time since June 11, surging 4% intraday

WTI crude oil futures break above $90/barrel for first time since June 11, surging 4% intraday

WTI crude oil breaks above $90/barrel for first time since June 11, surging 4% intraday. Higher oil prices may fuel inflation fears, impacting crypto market risk appetite and intraday volatility.

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WTI crude oil futures surged past the $90 per barrel mark for the first time since June 11, according to Gate exchange data. The contract recorded an intraday gain of 4.07%, signaling a sharp upward move in energy markets. This breakout above the key psychological level could reignite inflation concerns among traders, as higher oil prices often feed into broader consumer costs. For crypto markets, such a macro risk factor may dampen risk appetite and increase volatility, particularly in intraday speculative trading. The move comes amid ongoing supply-side uncertainties and shifting demand expectations, keeping energy and digital asset traders on alert.

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