Crude Oil (WTI)

Key insight

$89.64 holds above the 50-day MA ($87.50) and prior range highs at $88.50 — break above $91.20 (Aug swing high) opens a run toward $93.50. Failure below $87.50 flips the short-term structure bearish.

Holds $89.64 — up 0.39% as European equities fade and USD stays firm, yet oil sustains bid above the 50-day MA near $87.50, signalling supply-side support dominates demand headwinds.

Main risk

USD/JPY at 160.3 — strong dollar drag

USD/JPY at 160.3 keeps the dollar bid; every 1% DXY rally historically pressures WTI by ~$1.50/bbl.