Will the WTI crude oil settlement price be above 91.99 USD/Bbl on Sep 3, 2026?
The live price is barely above the threshold after earlier trading below it, so an above-$91.99 WTI settlement is genuinely close.
The current settlement-basis price of $92.3674 is just above the $91.99 threshold, while the previous settlement and several early September 3 quotes were below it. Recent trading has already reached above the threshold, and geopolitical tension plus a larger-than-expected inventory draw could support another rise. However, the small cushion and conflicting intraday readings leave an at-or-below-threshold settlement marginally more likely, making an above-$91.99 settlement genuinely close.
- The previous official settlement left WTI nearly one dollar below the threshold.October WTI settled at $91.01 per barrel on September 2, despite gaining 79 cents that day.
- Early September 3 trading remained below the required level.WTI traded at $90.77 per barrel at 00:29 GMT on September 3.
- The current settlement-basis price stands slightly above the required threshold.On September 3, the settlement-basis price was $92.3674, about 0.41% above $91.99.
- WTI has already demonstrated enough intraday strength to cross the threshold.WTI reached $92.29 per barrel during September 2 trading, above the market threshold.
- Military escalation involving Iran and commercial shipping creates upside risk for crude prices.U.S. forces struck IRGC military targets on September 1 after attempted attacks against commercial shipping.
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