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Just caught this on the market feeds - both U.S. and Brent crude oil futures are down pretty hard right now. We're looking at a 12% drop across the board, with WTI sitting around $80.21 and Brent at $87.307 per barrel. That's a pretty sharp move in a single day.
Not sure what triggered it exactly, but when you see both benchmarks moving like this in sync, usually means there's some broader market pressure going on. Brent crude oil news has been quiet lately, so this caught a lot of traders off guard.
Worth keeping an eye on where support holds. Days like this can set the tone for the next few weeks of crude oil trading.