TREE NEWS reports: WTI October crude futures settled down $2.43, or 2.37%, at $100.05 a barrel, still up nearly 9.37% for the week. Middle East Abu Dhabi Murban crude fell 2.02% to $120 a barrel, up 16.17% week-to-date. NYMEX October natural gas settled at $2.8310 per million British thermal units, with gasoline at $3.3072 a gallon and heating oil at $4.9593 a gallon.
WTI October Crude Settles Down 2.37% at $100.05 a Barrel, Up Nearly 9.37% on the Week
The day's pullback matters less than the weekly move: crude still finished sharply higher, and the wider Murban benchmark gained even more, suggesting the bid was concentrated in physical-linked grades rather than a uniform futures rally. That divergence between WTI and Murban is the detail worth tracking, since it hints at where supply concern is actually priced. Whether the weekly gain holds or unwinds after such a steep run is the open question.
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