Petroleum futures fell Oct. 10 amid more uncertainty about future demand growth, and on news that ExxonMobil was making progress with striking refinery workers in France. NYMEX front-month crude settled $1.51 lower at $91.13/b, while ICE front-month Brent settled at $96.19/b, down $1.73. In refined products, NYMEX front-month ULSD settled 10.4 cents lower at $3.9147/gal and front-month RBOB settled 11.18 cents lower at $2.6228/gal. Oil was rangebound through much of the day, slightly bearish on a drop in China's purchasing managers' index for September. News that JP Morgan Chase CEO Jamie Dimon warned that the global economy could tip into a recession by mid-2023 did little to support the bulls, in equities or oil.
展开▼
