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Macro

WTI December crude settles down 0.93% at $86.04/bbl

WTI December crude futures settled $0.81 lower, a drop of more than 0.93%, at $86.04 a barrel, moving toward the Sept. 4 close of $85.46, its 100-day moving average at $83.99 and the Aug. 28 close of $80. NYMEX December natural gas settled at $3.2960 per million British thermal units, December gasoline at $2.6088 a gallon and December heating oil at $4.1309 a gallon.

Original source

AI take

The move is modest, but the reference points matter more than the headline decline: crude is now tracking toward a cluster of prior closes and its 100-day average, which makes that zone the level the market is quietly testing rather than the daily percentage change. Product markets settling alongside crude suggests the pullback is being read across the barrel rather than as an isolated futures move. Whether crude holds above that moving average, or slips toward the earlier closes, is the open question worth watching.

Generated by AI for reference only.

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