NYMEX WTI Extends Previous Losses on Strong Dollar

摘要

NYMEX light, sweet crude for November delivery closed at US$91.37 per barrel (/bbl), down 56￠ on September 25, as a stronger dollar trumped geopolitical tensions in the Middle East and positive U.S. macroeconomic data. West Texas Intermediate (WTI) shed 0.6% versus the previous day's settle. November WTI established an intra- day low of $91.10/bbl, down 83￠, before the dip attracted buying interest. November ICE Brent moved opposite its American counterpart - topping out at $111.47/bbl, up $1.66, and ending at $110.45/bbl, up 64￠. The negative trans-Atlantic arb widened into a minus $19.08 value.