TREE NEWS reports: WTI November crude futures settled down $1.87, or 1.80%, at $101.79 a barrel, after touching $110.48 at 19:36 Beijing time. The December contract fell 0.66% to $97.66, having earlier risen to $101.37 at the same time. Abu Dhabi Murban crude rose 0.86% to $112.05 a barrel.
WTI November crude settles down 1.80% at $101.79/bbl
The split between the front-month slide and Murban's gain suggests this is less a demand story than a curve and grade story: November gave back an intraday spike while December held a much smaller loss, and the Abu Dhabi marker moved the other way entirely. That divergence is the signal worth tracking, since a flattening or steepening WTI curve alongside firm Asian sour grades would say more about positioning and regional barrels than about headline crude direction. Whether the front-month weakness persists into the next settlement, and whether Murban's premium holds, is the open question.
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