Crude Oil (WTI)

Key insight

$92.02 breach of 50-day MA at $93.50 shifts near-term bias bearish; next key floor is the 200-day MA at $89.40. Reclaim of $93.50 needed to neutralise the sell signal.

Drops 2.46% to $92.02, breaking below the 50-day MA near $93.50 on a strong-dollar, risk-off macro backdrop. Supply pressure from OPEC+ output recovery outweighs demand support.

Main risk

OPEC+ Supply Increase Decision

OPEC+ output recovery schedule could add 400k–500k bpd — break below $89.40 (200-day MA) opens $85.00 round-number target.