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WTI is trading above the 102.49 strike at the latest quoted levels near 102.93, but the supplied record still shows October 23 reads clustered lower, including 101.09 early in the morning and an intraday high of 101.30.
The latest official CME settlement supplied is 99.47 on October 22, while the broader evidence points to tighter supply from Gulf shipping disruptions and the Libya pipeline outage against a recent supply build. Q leans toward a WTI finish above 102.49 because the market has already been probing higher and supply risk remains elevated.
No factor breakdown on this forecast.
Research and information only. Not financial advice or a recommendation to trade. Markets involve risk, including loss of capital. Review venue rules and eligibility before trading.