Crude Oil (WTI)

Key insight

$87.92 prints while S&P 500 gains 1.5% and gold surges 3.4% — oil's crash is idiosyncratic, not risk-off. Break below $90 opens path to 200-day MA near $85.50; reclaim of $90 needed to stabilise.

-8.56% single-session crash to $87.92 breaks the $90 round-number floor — largest one-day drop in months, confirming supply-demand imbalance with equities rallying hard in opposite direction.

Main risk

OPEC+ surprise supply decision

Unscheduled OPEC+ output cut announcement could spike WTI $4-6 intraday, invalidating the breakdown below $90.