CRUDE WRAP: WTI (M6) SETTLES USD 4.76 LOWER AT 88.19/BBL; BRENT (M6) SETTLES USD 4.57 LOWER AT 94.79/BBL

The significant drop in WTI and Brent crude prices signals growing concerns over demand amid geopolitical tensions and uncertain economic indicators. Such a steep decline might reflect traders adjusting their expectations based on supply dynamics and tightening monetary policy, which can impact inflation and broader market sentiment, particularly for energy-related assets and commodities.