Will the WTI crude oil settlement price be above 90.49 USD/Bbl on Sep 3, 2026?

Signal ended

Entry · YES66¢

PublishedSep 3

Sep 3 forecast

October WTI already trades above the threshold with hours remaining, so a settlement above $90.49 is likely with meaningful uncertainty.

October WTI enters the final hours just above $90.49 after two strong sessions driven by renewed conflict and a larger-than-expected inventory draw. The cushion is narrow, however, and recovering Persian Gulf exports, record U.S. production, and easing supply fears leave ample room for an adverse intraday swing.

Points to YES

October WTI currently trades just above the settlement threshold.
On September 3, the settlement-basis price was 90.9334 USD/Bbl, compared with the 90.49 USD/Bbl threshold.
Strong upward momentum has carried October WTI through the threshold.
On September 2, the October 2026 contract settled 0.79 USD higher at 91.01 USD/Bbl after a large gain the previous session.
A much larger-than-expected U.S. inventory draw supports near-term prices.
Reported on September 2, U.S. commercial crude inventories fell by 4.45 million barrels, versus an expected 1.1 million-barrel draw.

Points to NO

Recovering Persian Gulf exports are easing fears of an immediate supply shortage.
On September 2, strategists reported that Persian Gulf oil exports had recovered toward two-thirds of pre-war levels and judged further oil-price upside limited.
Record U.S. production provides a substantial supply buffer.
For the week ending August 28, U.S. crude production matched a record 13.862 million barrels per day.

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