At the close, NYMEX December light sweet crude futures fell $1.51 to settle at $101.76 a barrel, down 1.46%. London Brent December futures fell $0.91 to $115.81 a barrel, down 0.78%.

Copernicus satellite images on Oct. 24 show an offshore oil spill from a damaged tanker expanding toward the coast of Umm Al Quwain in northern UAE, with large dark patches spreading along the shoreline and multiple beaches closed. UAE authorities say response teams are working to contain the spill and the Ministry of Climate Change and Environment has begun an environmental assessment; officials have not identified the vessel or released a cause. Experts have pointed to a tanker named Gem No.2 as the likely source; shipping sources say the ship was reportedly struck by an unidentified drone last month and caught fire before the blaze was extinguished. Northern emirates’ authorities have restricted public access to affected coastal areas.

2-year bond futures (TS) main contract +0.01%; 5-year bond futures (TF) main contract +0.01%; 10-year bond futures (T) main contract +0.02%; 30-year bond futures (TL) main contract +0.29%.