TREE NEWS reports: WTI November crude futures settled up $3.21, or 3.64%, at $91.49 a barrel. Abu Dhabi’s Murban crude futures rose 3.79% to $110.73 a barrel. NYMEX November natural gas settled at $3.1680 per million British thermal units, while November gasoline closed at $3.3160 a gallon and heating oil at $4.8829 a gallon.
WTI November Crude Settles 3.64% Higher at $91.49 a Barrel
The move is broad rather than confined to one benchmark: WTI, Murban, gasoline, heating oil and natural gas all settled firmer, which points to a complex-wide repricing rather than an isolated crude story. Murban's steeper gain matters because it is the Gulf sour grade that anchors much of Asia's import economics, so the strength there says something about non-US demand, not just the US contract. Whether the refined products keep pace with crude is the open question — cracks widening or narrowing from here would show whether this is a supply-side move or genuine end-user pull.
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