Will the WTI crude oil settlement price be above 89.49 USD/Bbl on Sep 4, 2026?
October WTI remains above $89.49 amid severe Hormuz disruption hours before settlement, so a September 4 finish above the threshold is highly likely.
The settlement-basis price stands at $90.282, placing the threshold roughly 0.88% below it with 7.4 hours remaining. Recent contract-specific readings and the previous settlement were comfortably higher, while severely restricted Hormuz traffic continues to support a supply-risk premium. Conflicting intraday readings below $90 show that the cushion is not secure, and rising Iraqi exports could restrain prices. Even with substantial short-term volatility, a September 4 settlement above $89.49 is highly likely.
- October WTI traded comfortably above the threshold during the September 4 morning session.At 10:03 a.m. on September 4, the October WTI futures contract traded at $91.85 per barrel, up 0.60%.
- The previous settlement left October WTI with a meaningful cushion above $89.49.The October WTI contract settled at $91.30 per barrel on September 3 after rising for a fourth consecutive session.
- Severely restricted Strait of Hormuz traffic continues to support crude prices through supply-disruption risk.Nine vessels crossed the Strait of Hormuz on September 2, compared with about 135 vessels per day before the war.
- Conflicting same-day readings show that WTI can quickly approach the threshold despite stronger contract-specific quotes.September 4 intraday readings across supplied sources ranged from below $90 to above $91.
- Rising Iraqi exports add supply that could partly offset barrels disrupted elsewhere in the Gulf.Iraq's crude exports rose to about 2.34 million barrels per day in August from about 1.35 million barrels per day in July.
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