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Macro

WTI December crude settles at $88.56/bbl, down 0.20%

WTI December crude futures settled down $0.18, or 0.20%, at $88.56 a barrel, posting a weekly loss of nearly 2.50% for a second straight weekly decline. NYMEX December natural gas settled at $3.23 per million British thermal units, while December gasoline closed at $2.6214 a gallon and December heating oil at $4.2585 a gallon.

Original source

AI take

The headline move is small, but the second consecutive weekly decline is the more telling signal: momentum in crude has softened even as the absolute price holds near the high end of its recent range. That combination matters for anyone watching energy as an inflation input, since a flattening trend can ease pressure on input costs without a sharp drop. Whether the weekly slide extends into a third week, or the flat daily settle marks a floor, is the open question worth tracking.

Generated by AI for reference only.

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