Will the WTI crude oil settlement price be above 89.49 USD/Bbl on Sep 4, 2026?
WTI remains above the threshold with hours left before settlement, so an October WTI settlement above $89.49 today is highly likely.
WTI is currently around $90.48, about $1 above the threshold, after October WTI settled at $91.01 on September 2 and U.S. crude futures settled at $91.30 on September 3. The market has shown substantial intraday volatility, including trading below the threshold on September 3, so a late reversal remains possible. Severe security risks around the Strait of Hormuz continue to support a supply-risk premium, although rising Iraqi exports and recovering escorted traffic temper that pressure. With only hours remaining and a meaningful price cushion, an above-threshold settlement is highly likely despite elevated two-way move risk.
- WTI currently has a meaningful cushion above the $89.49 settlement threshold.On September 4, WTI was around $90.48 with roughly ten hours remaining before settlement.
- Recent settlements place WTI comfortably above the required level.On September 2, the October WTI contract settled at $91.01, its highest level since July.
- Continuing danger around the Strait of Hormuz supports crude prices through supply-disruption risk.On September 1, the Joint Maritime Information Center rated Hormuz risk as severe because of drifting or uncharted mines.
- WTI has already demonstrated that it can fall below the threshold during intraday trading.During European trading on September 3, WTI futures traded at $88.85, below the $89.49 threshold.
- A short-term bearish technical setup leaves the current cushion vulnerable to a rapid reversal.On September 3, one technical analyst assessed WTI as bearish below $90 after it failed to hold above $91.31.
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