Abu Dhabi Murban Crude Futures Fall 1.05% to $109.66 a Barrel

The drop in Murban futures matters less as a standalone move than as a signal about how Gulf crude is being priced relative to the broader energy complex. With natural gas settling independently, the two benchmarks are telling different stories, and the divergence is the real takeaway. Whether Murban's slide reflects regional supply sentiment or simply tracks wider crude softness is the open question worth watching.