Crude Oil (WTI)

Key insight

89.80 holds above the 200-day MA near $87.50 while equities collapse — this safe-haven commodity bid is rare and signals genuine supply fear, not just momentum. Break above $91.50 opens $95.

+2.56% surge to $89.80 defies broad equity sell-off (S&P -4.7%), signalling oil-specific supply bid — OPEC+ restraint and geopolitical risk premium driving divergence from risk assets.

Main risk

Global demand destruction

S&P -4.7% and Nasdaq -6.8% signal recession risk; sustained equity rout kills demand outlook and can erase the supply-fear premium fast.