Will the WTI crude oil settlement price be above 90.49 USD/Bbl on Sep 4, 2026?
October WTI is marginally above the threshold with little time remaining, so a September 4 settlement above $90.49 is likely with meaningful uncertainty.
October WTI currently stands at $90.5496, only about six cents above the $90.49 threshold, with just over two hours to settlement. That slight cushion and the short remaining window make an above-threshold settlement more likely, while conflicting intraday reports and acute Hormuz-driven volatility leave meaningful downside risk. Restricted Hormuz traffic, renewed U.S.-Iran hostilities and falling U.S. crude inventories support prices, but military escorts have eased some disruption fears.
- The settlement-basis WTI price is barely above the required threshold with little trading time left.At the assessment time on September 4, settlement-basis WTI stood at $90.5496 against a $90.49 threshold.
- The October contract entered the final day from a settlement above the threshold.U.S. crude oil futures settled at $91.30 per barrel on September 3.
- Severely reduced crude flows through Hormuz continue to support a disruption premium in oil prices.On September 2, average crude flows through Hormuz since July 14 were reported near 4.9 million barrels per day, down from 10 million during the preceding détente.
- A recent intraday report placed WTI well below the threshold, highlighting substantial price and reporting uncertainty.On September 4, WTI was reported trading around $88.55 per barrel.
- Military escorts have reduced immediate fears of a major interruption to oil shipments through Hormuz.On September 1, U.S. forces escorted 40 commercial vessels carrying around 18 million barrels of oil through Hormuz.
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