Crude Oil (WTI)

Key insight

96.09 sits in a compression zone between $95 round support and $99.50 swing high — a clean break above $97.80 (200-day MA) opens the door to triple digits within days.

96.09 holds above the 50-day MA near 93.50 — bulls defended the $95 round number and momentum is pointing toward the 2026 swing high at $99.50.

Main risk

OPEC+ surprise output increase

Unscheduled OPEC+ supply boost would shatter the deficit narrative; $93.50 (50-day MA) becomes first line of defence.