Will the WTI crude oil settlement price be above 89.99 USD/Bbl on Sep 4, 2026?
October WTI remains above the threshold with hours left despite severe volatility, so an above-$89.99 settlement is likely with meaningful uncertainty.
October WTI is currently $90.225, leaving little cushion above the $89.99 threshold during a volatile final session. The contract recently settled at $91.30 after four consecutive gains, while exceptionally low Hormuz traffic and renewed U.S.-Iran hostilities support a supply-risk premium. Rising Iraqi exports and any sudden easing of regional tensions could erase the margin, but an above-threshold settlement is likely despite meaningful uncertainty.
- October WTI is currently above the settlement threshold, although only narrowly.On September 4, the settlement-basis current price was $90.225, just above the $89.99 threshold.
- Severely constrained Hormuz traffic keeps immediate oil-supply risk elevated.On September 1, only four vessels transited Hormuz, less than 3% of traffic before the February attacks on Iran.
- Recent settlements provide some buffer above the threshold.October WTI settled at $91.30 per barrel on September 3.
- WTI has already traded below $90 today, showing how quickly its narrow cushion can disappear.WTI traded below $90 during the Asian session on September 4.
- Rising Iraqi exports partly offset supply losses associated with restricted Hormuz shipping.Iraq's crude exports increased from about 1.35 million barrels per day in July to 2.34 million in August.
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