U.S. Oil Dips on the Debut of Its December Contract

December U.S. oil (West Texas Intermediate, or WTI) fell on its debut as the front-month contract, the nearest-due agreement that headlines quote. Brent, the main international benchmark, barely moved, the Wall Street Journal reported. The Journal called the drop a likely technical correction after Brent had risen 3.1% earlier to $116.72 a barrel, its highest since April.