Crude Oil (WTI)
BullishArchived analysis from Sep 23, 2026, 1:26 PM
Key insight
$90.89 trades just below the key $92 resistance (Aug swing high); Hormuz disruption risk keeps a floor under price — break above $92 opens $96–$98 corridor.
Surged +5.2% Tuesday to 6-week high on Strait of Hormuz supertanker strikes; holds above $90 despite Wednesday pullback on Saudi supply workaround.
Main risk
US-Iran Diplomacy at UN General Assembly
Trump signals openness to Pezeshkian meeting at UNGA; any ceasefire deal collapses the geopolitical premium fast, targeting $85 support.
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