TREE NEWS reports: WTI October crude futures settled down $4.52, or more than 4.50%, at $95.78 a barrel, approaching the September 8 close of $93.03 after touching $106.75 on September 15. Middle East Abu Dhabi Murban crude fell 5.70% to $111.20 a barrel. NYMEX October natural gas settled at $2.8360 per million British thermal units, with gasoline at $3.4699 a gallon and heating oil at $4.8895 a gallon.
WTI Crude Falls 4.5% to $95.78 a Barrel
AI take
The scale of the pullback matters more than the direction: a single-session drop of this size, paired with a steeper decline in Murban, points to a broad repricing of crude rather than an isolated contract move. The proximity to the September 8 close suggests much of the recent geopolitical premium has now been unwound. Whether that unwind extends or stabilizes is the open question, and the read-across to refined products is worth watching given how gasoline and heating oil settled.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
3m ago
WHO: Six Climate and Health Measures Could Save 1.6 Million Lives a Year
6m ago
Industry players see strong China-Europe battery cooperation prospects
13m ago
China’s ChiNext rises 0.87% as over 4,800 stocks gain; turnover hits 2.14 trillion yuan
14m ago
Chinese Commodity Futures Close: LPG, Bottle Chips, Propylene, Pure Benzene, Polyethylene, Polypropylene, Ethylene Glycol, Styrene Limit Down; Fuel Oil Down Over 14%
14m ago
Malaysia’s central bank holds benchmark rate at 2.75%
15m ago
German factory orders rise 4.4% in September, below 4.5% forecast