Crude Oil (WTI)
NeutralArchived analysis from Oct 19, 2026, 3:37 AM
Key insight
Pulls back -1.7% to $97.61 after Trump waived Graham Act sanctions on Russia, boosting potential supply. Geopolitical floor at $94.28 (key Fib) vs. $101.41 Friday high — range trade until next catalyst.
97.61 — Trump's Russia sanctions waiver caps upside; 8.6M-barrel inventory draw and Strait of Hormuz risk hold floor near $94–96 support.
Main risk
Strait of Hormuz Closure Risk
Vitol CEO warns Gulf shuttle disruption could spike WTI to $200; tanker strikes and US-Iran exchanges remain live.
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