TREE NEWS reports: WTI November crude futures settled down $1.16, or more than 1.29%, at $88.28 a barrel, nearing the September 3 close of $88.03. The contract’s 50-day moving average has risen to $86.49. Abu Dhabi Murban crude rose 0.19% to $106.39 a barrel, while NYMEX November natural gas settled at $3.2030 per million British thermal units.
WTI Crude Falls 1.29% to $88.28 a Barrel
AI take
The WTI pullback leaves the front-month contract hovering just above its September 3 close while the 50-day moving average has climbed to $86.49, a level now acting as the nearest technical reference. The divergence with Abu Dhabi Murban, which edged higher, suggests the move is not a uniform repricing of crude but a spread or regional story. Whether WTI holds above that moving average, and whether the Murban-WTI gap persists, is the open question.
Generated by AI for reference only.
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