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WTI is already above the threshold amid severe export disruption, so an October-contract settlement above $91.49 on September 8 is likely.
October WTI is currently above $91.49, while restricted Hormuz traffic, vessel attacks, and unchanged OPEC+ output support near-term prices. The cushion is narrow, however: the contract settled just below the threshold on September 4 and traded below $90 during September 7. With sharp moves possible in either direction, a finish above $91.49 is likely.
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