Crude Oil (WTI)

Key insight

89.61 sits at a pivotal inflection — break above 91.00 (Sept swing high) opens 93.50; failure below 87.50 (200-day MA) flips the trend. Supply cuts and geopolitical tension skew risk to the upside near-term.

89.61 holds above the 200-day MA near 87.50, with OPEC+ supply discipline and Middle East risk premium keeping WTI bid; 24h gain of +0.78% confirms buyers defending the breakout zone.

Main risk

China Demand Slowdown Risk

Weaker Chinese industrial data cuts crude import demand; a break below 87.50 (200-day MA) would confirm demand-led downside toward 85.00.