Finance

WTI crude futures dropped over two percent to trade around $98 per barrel, while Brent crude slipped toward $101 per barrel. This downward movement marks a multi-session decline driven by hopes that renewed diplomatic efforts in the Middle East will alleviate maritime transport bottlenecks and restore regular energy flows.

The 10-year US Treasury yield hovered near the 5.0% mark as market participants digested monetary policy paths following recent central bank rate hikes. Although yields retreated slightly from their intraday peaks, elevated borrowing costs continue to exert pressure on consumer spending models and broader equity valuations.

The cryptocurrency market observed positive momentum as Bitcoin surged past the $81,000 threshold to touch multi-week highs. Increased institutional inflows through dedicated exchange-traded funds have continued to spark a broader rally across altcoins, lifting the total digital asset market capitalization to roughly $2.81 trillion.