Crude Oil (WTI)

Key insight

$94.50 sits just above the key $93.00 support cluster — a close below that opens a fast run toward $89.00. Risk-off tone across all major equity markets adds weight; gold's bid (+0.5%) confirms flight-to-safety, not oil-bull rotation.

Falls 1.71% to $94.50 as broad risk-off sweep hits equities (S&P -1.4%, Nasdaq -2.6%); USD strength via EUR/USD +0.6% inversion signal pressures crude while demand-growth fears dominate.

Main risk

OPEC+ supply-cut compliance risk

Unexpected quota breach by key members near $94 could overwhelm demand signals and accelerate break below $93.00 support.