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Macro

WTI November Crude Settles Down 1.89% at $91.11 a Barrel

WTI November crude futures settled down $1.76, or more than 1.89%, at $91.11 a barrel. Abu Dhabi Murban crude fell 0.91% to $108.40 a barrel, up 9.44% for the week. NYMEX November natural gas settled at $3.0350 per million British thermal units, with November gasoline at $3.3124 a gallon and heating oil at $4.5011 a gallon.

Original source

AI take

The split between WTI's daily pullback and Murban's strong weekly gain points to a market pricing regional crude differently rather than a single directional move. Murban's weekly advance matters most for Gulf producers and Asian refiners benchmarked to it, while the WTI decline offers limited relief at the margin for US-linked fuel costs. With gasoline and heating oil settling alongside gas, the open question is whether the WTI-Murban divergence persists or converges as the week's momentum fades.

Generated by AI for reference only.

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