Crude Oil (WTI)

Key insight

$90 round number and 200-day MA at $91.50 capping every rally — bulls need a weekly close above $91.50 to shift bias; until then, $86.20 prior swing low is the magnet on further dollar strength.

Stalls at $89.83, below the 200-day MA near $91.50 — sellers defended resistance for a third session, keeping WTI trapped beneath a key structural ceiling with no breakout catalyst.

Main risk

OPEC+ Output Policy Reversal

Surprise OPEC+ production increase would drive WTI below $87 support fast, invalidating any near-term bull case built on supply restraint.