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Macro

WTI crude settles up 0.87% at $91.01/barrel

WTI October crude futures rose $0.79, or over 0.87%, to settle at $91.01 per barrel. Abu Dhabi Murban crude edged up 0.10% to $106.26. NYMEX October natural gas settled at $2.9560 per MMBtu, gasoline at $3.1038 per gallon, and heating oil at $4.6822 per gallon.

Original source

AI take

The modest WTI gain, alongside a nearly flat Murban price, suggests market participants are balancing supply concerns against demand signals, with the spread between benchmarks highlighting regional disparities. For energy traders, the key dynamic is whether crude can sustain above the $91 level, as moves in refined products like heating oil and gasoline will offer clues to downstream margins and seasonal demand shifts. The slight uptick in crude, while other contracts hold steady, points to a market in consolidation rather than a decisive trend, making near-term volatility the main watchpoint.

Generated by AI for reference only.

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