TREE NEWS reports: WTI November crude settled down $2.20, or more than 2.32%, at $92.41 a barrel, posting a weekly loss of nearly 3.82%. Middle East Abu Dhabi Murban crude fell 4.79% to $111.97 a barrel, down 5.05% on the week. NYMEX October natural gas settled at $3.1960 per million British thermal units, with October gasoline at $3.3934 a gallon and heating oil at $4.6847 a gallon.
WTI Crude Falls 2.32% to $92.41 a Barrel, Down Nearly 3.82% for the Week
The weekly drawdown matters more than the single-session move: both WTI and Abu Dhabi Murban fell by similar magnitudes over the week, suggesting broad crude softness rather than a one-off contract roll or regional dislocation. That both benchmarks moved together points to macro or demand-side pressure rather than a supply event specific to one grade. Whether the decline extends into the next week, or stabilizes around these levels, is the open question — particularly given the lack of a clear catalyst in the data itself.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.