# MARKET WATCH: NYMEX crude oil drops modestly, gas holds above $3/MMbtu | Oil & Gas Journal

> Light sweet crude settled just under $50 per barrel on the New York market on October 17, after dropping modestly. Natural gas dropped to settle at $3.24 per MMBtu and has stayed near or above $3 since mid-September.

- Date: 2016-10-18 · published 2016-10-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10119-market-watch-nymex-crude-oil-drops-modestly-gas-holds-above-3-mmbtu-oil-and-gas
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Modest crude weakness with gas holding steady gives little new signal for feed input costs, so the market impact is minor.

## Read by commodity

- WTI: bearish ▼
- NATGAS: neutral

## Sources

- ogj.com: https://www.ogj.com/general-interest/article/17250694/market-watch-nymex-crude-oil-drops-modestly-gas-holds-above-3-mmbtu

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.