Crude Oil (WTI)

Key insight

$90 lost intraday — next hard support is the 200-day MA at $87.40; a close beneath $89 opens a move to $85.60 Aug swing low. OPEC+ spare capacity and USD firmness cap upside near $91.20.

Falls 1.1% to $89.57 — price slipping below the $90 round-number pivot that capped rallies in Aug 2026; 50-day MA at $91.20 now acts as resistance overhead.

Main risk

OPEC+ surprise output cut reversal

Unscheduled OPEC+ output reversal above quota would spike WTI toward $93–95; single-meeting risk hard to hedge against.