Nymex Overview: U.S. Crude Prices on Track to End Six-Day Streak of Increases — OPIS
Crude-oil and refined product futures prices were falling, but most remained on track to post weekly gains.
The November West Texas Intermediate crude contract was down by 45cts to $97.52/bbl in light trade on Friday. The more-active December contract was down 88cts to $95.62/bbl. The front-month contract is currently nearly $6/bbl above last Friday's settlement.
December Brent crude was down by 18cts to $105.74/bbl while January prices were flat at $103.17/bbl. December prices are $1/bbl ahead for the week.
ULSD futures were on track for a second day of declines, with the November contract falling by 5.6cts to $4.7896/gal, still about 5cts ahead of last week's settlement. The more-active December contract was down by 4.37cts to $4.6108/gal.
Most activity in RBOB was also focused on the next-month contract, with November prices falling by 4.08cts to $3.1394/gal and December prices trading 2.7cts lower to $3.0528/gal. RBOB futures are on track to end the week about 15cts/gal lower than last Friday.
U.S. crude prices have seen a six-day streak of increases as supply concerns have supported the market. Friday's declines come even after the Energy Information Administration on Thursday reported a sharp 8.6 million-bbl drop in U.S. commercial crude inventories.
But those concerns are being mitigated by the announcement by the International Energy Agency that member countries have agreed to accelerate the release of 100 million bbls of crude oil and refined products that they had previously announced would be put into markets.
The release is expected to include about 20 million bbl of diesel.
The week's increase in diesel futures prices is being felt by consumers, with the average retail diesel price Friday of $6.3261/gal marking the fourth day of increases and an increase of about 5cts/gal from last Friday.
Gasoline prices around the country Friday averaged $4.3271/gal, about 6cts/gal lower than a week ago.
This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.
-- Reporting by Steve Cronin, steven.cronin@dowjones.com; Editing by Michael Kelly, mkelly@opisnet.com
(END) Dow Jones Newswires
October 16, 2026 12:29 ET (16:29 GMT)
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