Crude Oil (WTI)

Key insight

89.28 holds above the 200-day MA at 85.00 but fails to reclaim 91.50 swing high — range-bound between those anchors until a supply or demand catalyst breaks the stalemate.

89.28 sits between 50-day MA support at 87.50 and prior swing high resistance at 91.50 — no directional conviction with Gold surging +1.4% while Oil slips -0.6%, signalling divergent risk appetite.

Main risk

OPEC+ supply policy shift

Unwind of voluntary cuts adds 1-2 mb/d supply; a confirmed rollback breaks 87.50 and opens 85.00.