TREE NEWS reports: WTI November crude futures settled $2.88 higher, up nearly 3.03%, at $97.97 a barrel, approaching the September 15 close of $100.75. The contract has gained more than 10% since trading ended on October 7. Middle East Abu Dhabi Murban crude fell 2.38% to $108.30 a barrel, while NYMEX November natural gas settled at $3.2360 per million British thermal units.
WTI November Crude Settles at $97.97, Up Nearly 3.03%
AI take
The divergence is the story: WTI pushing toward its prior high while Murban slips suggests the rally is contract- and benchmark-specific rather than a uniform repricing of crude. The scale of the move since early October points to momentum and positioning as much as physical tightness. Whether WTI can close the gap to that September high, and whether Murban's weakness spreads to other grades, is the open question.
Generated by AI for reference only.
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