Will the WTI crude oil settlement price be above 89.99 USD/Bbl on Sep 3, 2026?
Signal ended
Entry · YES61¢
PublishedSep 3
Sep 3 forecast
October WTI settled at $91.01 yesterday and remains above $89.99 today, so a September 3 settlement above the threshold is likely with meaningful uncertainty.
October WTI enters settlement day above $89.99 after three consecutive gains, supporting an above-threshold settlement. The cushion remains small, however, and easing conflict fears, recovering Gulf exports, and recent trading below the threshold leave meaningful downside risk before the close.
Points to YES
- October WTI begins September 3 above the resolution threshold after settling above it the previous day.The October-delivery front-month NYMEX crude contract settled at $91.01 per barrel on September 2.
- Strong recent upward momentum gives the contract some support entering the settlement session.The October-delivery front-month contract gained $7.61 over three sessions through September 2, reaching its highest settlement since July 23.
- Severe disruption to Strait of Hormuz traffic continues to support a geopolitical premium in crude prices.Only four vessels transited the Strait of Hormuz on September 1, down from 13 on August 31.
Points to NO
- The narrow margin above $89.99 leaves the outcome vulnerable to ordinary intraday volatility.WTI traded between $88.97 and $92.29 on September 2, crossing both sides of the threshold.
- Recovering Persian Gulf exports and signs of easing hostilities limit further near-term price gains.On September 2, strategists assessed that further oil-price gains appeared limited as Persian Gulf exports recovered.
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