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The November WTI contract sits just under the $92.99 threshold, having opened October 13 at $93.21 before easing to roughly $92.6 in early trade, with an intraday range of $92.17 to $93.49 straddling the strike.
The prior session settled at $93.74, the highest since September 24, supported by Middle East supply fears and Saudi warnings of severe crude tightness. However, prices have slipped on expectations that additional Russian diesel supplies will ease global fuel tightness, and the IEA's planned stock releases add further downward pressure. With only hours to settle, a close above the strike is a meaningful underdog.
No factor breakdown on this forecast.
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.