# December WTI Settles at $97.82 After Oil Futures Reverse Early Gains By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/36556 Published: 2026-10-21T10:37:32.000Z Updated: 2026-10-21T10:37:32.000Z Section: Investing > The expiring November WTI contract settled at $101.79, while NYMEX December Brent Oil Last Day Futures settled at $108.79. U.S. oil futures finished lower on Oct. 20 after giving up early gains, with December West Texas Intermediate (WTI) settling at $97.82 a barrel amid conflicting accounts of U.S.-Iran talks. The preliminary December WTI settlement was down $0.72. The November contract, which was expiring that day, fell $1.87 to $101.79 a barrel. NYMEX December Brent Oil Last Day Futures settled at $108.79 a barrel, down $0.76. The close followed a sharp intraday reversal. [November WTI had pulled back to $102.75 after reaching $110.48](), while December WTI was quoted at $97.50 earlier in the session. Traders weighed conflicting accounts of U.S.-Iran talks alongside continuing risks to oil supplies. A mediation proposal under discussion involved interest on $6 billion in frozen Iranian funds and would require Iran to permit an unannounced International Atomic Energy Agency inspection of nuclear sites. Neither government had publicly accepted the terms. ## Links in this article - [November WTI had pulled back to $102.75 after reaching $110.48](https://www.tokenpost.com/news/investing/35819)