NYMEX crude settles lower but remains in well-worn range

摘要

US crude futures fell July 28 but remained within a well-worn range as recession concerns were met with continued supply tightness. NYMEX front-month crude settled 84 cents lower at $96.42/b. Prompt ICE Brent settled at $107.14/b, up 52 cents. Prompt NYMEX crude futures have settled between $94.70/b and $104.79/b since July 1, when the contract settled at $108.43/b.