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Macro

WTI December Crude Settles at $90.52, Up 2.72%

WTI December crude futures settled $2.40 higher, up more than 2.72%, at $90.52 a barrel, moving off the lowest close since October 7 of $88.12. Prices climbed steadily from Asia-Pacific midday trading. NYMEX December natural gas settled at $2.9470 per million British thermal units, while December gasoline closed at $2.7634 a gallon and December heating oil at $4.3519 a gallon.

Original source

AI take

The move matters less for its size than for its direction: crude bounced off a multi-week low rather than extending the slide, with the steady climb from Asia-Pacific hours suggesting persistent buying through the session rather than a single spike. The absence of any stated catalyst leaves the broader energy complex, including natural gas and refined products, as the read-through for whether this is a one-day reprieve or a shift in sentiment. Whether crude holds above the prior low in coming sessions is the open question.

Generated by AI for reference only.

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