Oil Slides Sharply as Spot Silver Rises Above $81 an Ounce

Oil prices fell sharply during the trading session, with Brent crude dropping below $95 per barrel and West Texas Intermediate crude declining between reported levels of $92.21 and $91, reflecting losses of 5.43% for Brent and between 5.00% and 6.28% for WTI. At the same time, spot silver rose 4.74% intraday to above $81 per ounce, its highest level since April 17. The combined moves highlight a marked divergence between weaker energy prices and stronger precious metals prices during the same session.

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