WTI November Crude Settles at $89.44/bbl, Up 1 Cent

A one-cent settle in WTI after a V-shaped session points to a market without conviction, where intraday swings are being absorbed by positioning rather than fresh fundamentals. The sharper signal sits elsewhere: the divergence between flat WTI and a 3.92% drop in Abu Dhabi Murban suggests regional crude differentials are doing the real work, a dynamic that matters most to physical traders and refiners exposed to benchmark spreads rather than flat price. Whether that spread widening persists is the open question.