Crude Oil (WTI)

Key insight

$93.00 flipped to resistance — hold below it keeps bears in control; next firm floor is the 200-day MA at $89.80. Friday close below $92.20 (50-day MA) opens the $88–$89 range.

Drop of -1.96% to $92.49 breaches the $93.00 round-number support; price now tests the 50-day MA at $92.20 with no immediate catalyst to reverse selling pressure.

Main risk

OPEC+ surprise output increase

Unscheduled OPEC+ supply boost above current quotas would accelerate the drop toward $88.50 July swing low.