Crude futures settled lower Oct.30 as traders continued to look for signs that the war between Israel and Hamas was expanding,while economic data due this week could relieve or possibly deepen concerns of a global recession.NYMEX December settled $3.23 lower at $82.31/b,and ICE December Brent was down $3.03 to settle at $87.45/b.NYMEX November RBOB decreased 9.25 cents to settle at $2.2200/gal,and November ULSD was down 8.56 cents to settle at $2.9663/gal.”We are seeing a pattern for the last two Fridays where prices move up ahead of the weekend because the market is fearing if this could be the weekend where we are seeing a spreading of the conflict,”said Arne Lohmann Rasmussen,head of research at Global Risk Management.However,”the response from Israel was more measured than one could fear,and we haven't had any information that the crisis is spreading to the rest of the Middle East,so we are taking this war premium out of the price this morning”,he said.
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