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Macro

WTI November Crude Settles at $101.41, Up 3.51% on the Day

WTI November crude futures closed $3.44 higher at $101.41 a barrel, a gain of 3.51%, bringing the week’s advance to nearly 10.41%. NYMEX November natural gas settled at $3.1160 per million British thermal units, while November gasoline closed at $3.2354 a gallon and November heating oil at $4.8991 a gallon.

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AI take

Crude's sharp weekly advance, alongside gains in refined products and natural gas, points to a broad move across the energy complex rather than an isolated crude story. That matters for anyone tracking input costs, freight, or inflation-sensitive assets, since product cracks and gas prices feed through to end users. Whether the weekly momentum extends or fades is the open question, and the next session's close will show if this is a durable repricing or a short squeeze.

Generated by AI for reference only.

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