Crude options volatility fell for the second day in a row as the underlying futures rose.
Gasoline fell as the reopening of Scotland’s only refinery may increase supplies available for export to the U.S. from Europe.
Citgo Petroleum Corp.’s only crude unit at its refinery in Lemont, Illinois, is listing and initial assessments indicate it may have sustained extensive damage in a fire Oct. 23, said two people familiar with plant operations.
West Texas Intermediate crude rose for a second day, paring the sixth decline in seven weeks, as orders for durable goods increased the most in three months and the U.S. stock markets gained.
Gold futures advanced to the highest in a month on speculation that the Federal Reserve will maintain stimulus to boost economic growth.
Snow falling over Siberia is raising the prospect for frigid temperatures in New York come January.
Rigs targeting oil and natural gas in the U.S. declined by one this week to 1,738, according to Baker Hughes Inc.
Jet fuel in New York harbor strengthened to a seven-week high as production slumped to the lowest level since 2012, drawing stockpiles lower in the region.
Ethanol rose to a three-week high in Chicago on speculation that farmers are withholding corn supplies to boost prices.
Natural gas futures advanced for a third day in New York as meteorologists predicted colder-than- normal weather that would spur demand for the heating fuel.