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WTI remains below the threshold with only hours until settlement, so an October contract settlement above $96.49 is unlikely.
October WTI is near $95.01 with only hours remaining, leaving a modest but material climb to $96.49. The previous settlement was $93.03, while today’s rally and worsening Hormuz disruption keep a late spike plausible. Still, the contract must sustain its gain into the brief settlement window, making an above-threshold settlement unlikely.
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