TREE NEWS reports: WTI December crude futures settled up 2.32 dollars, or nearly 2.39%, at 99.47 dollars a barrel. NYMEX November natural gas settled at 2.7960 dollars per million British thermal units. November gasoline settled at 3.1765 dollars a gallon and November heating oil at 4.9321 dollars a gallon.
WTI December crude settles up 2.32 dollars at 99.47 dollars a barrel
The move puts WTI within sight of the $100 mark, a psychological threshold that tends to draw attention across energy-linked markets. Because the item gives only settlement levels and no driver, the cause of the rally is the open question: supply concerns, demand signals, or positioning. The read-across to refined products matters for anyone tracking fuel costs, since gasoline and heating oil settled in the same session. Whether crude holds near this level, and whether product cracks follow, is what to watch.
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