Crude Oil (WTI)

Key insight

$91.80 slides under 50-day MA ($92.50); next technical floor is $89.00 Aug swing low. Dollar strength (EUR/USD 1.1174 rising, but USD/JPY 158.3 still elevated) and demand uncertainty cap any rebound.

Drops 1.4% to $91.80, breaking below the 50-day MA at $92.50 — daily close beneath that level opens the door to the $89.00 prior swing low.

Main risk

OPEC+ surprise output cut reversal

Unscheduled OPEC+ production increase would flip supply narrative; a confirmed rollback could spike WTI $4-5 above $93.50 resistance swiftly.