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WTI closed below the threshold after surrendering an intraday approach, so an October-contract settlement above $94.99 on September 9 is a meaningful underdog.
October WTI enters the final session at $93.4026, about 1.70% below the threshold. The latest session closed at $92.33 after reaching $94.73, demonstrating both the required rebound and the ability to approach the strike. Fresh attacks, constrained Hormuz traffic, and tight physical conditions leave room for a sharp rally, but reported route progress could unwind the risk premium quickly. On balance, a settlement above $94.99 is a meaningful underdog because the contract must recover and hold that gain during the narrow settlement window.
Research and information only. Not financial advice or a recommendation to trade. Markets involve risk, including loss of capital. Review venue rules and eligibility before trading.