Crude Oil (WTI)

Key insight

$90 round number held as support; break above $92.50 (Aug swing high) opens a run toward $95. Supply cuts remain the dominant bid — fade only on a confirmed close below $89.50 (50-day MA).

Holds $90.92, up 0.92% — price trades above the 200-day MA near $87.50 and the key $90 round number, confirming trend support with supply-side constraints keeping the floor intact.

Main risk

China demand slowdown

Weak Chinese industrial data caps upside — a miss in September PMI prints could push oil back below $88, invalidating the bullish setup.