TREE NEWS reports: WTI October crude futures closed down $1.86, or more than 1.82%, at $100.30 a barrel, still up nearly 0.25% for the week. Middle East Abu Dhabi Murban crude fell 2.06% to $118.89 a barrel, down 0.48% on the week. NYMEX October natural gas settled at $2.9120 per million BTU, gasoline at $3.5276 a gallon and heating oil at $5.0578 a gallon.
WTI October Crude Settles at $100.30, Down 1.82%
AI take
The split between WTI's modest weekly gain and Murban's weekly decline points to regional pressure in the Middle East benchmark rather than a uniform move in crude. With WTI holding above $100 even after the daily drop, the market is not treating this as a broad reversal. Whether Murban's underperformance persists relative to WTI is the open question, and it matters for anyone tracking the spread between Atlantic Basin and Gulf pricing.
Generated by AI for reference only.
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