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WTI already trades above the cutoff amid severe Gulf supply disruption, so an October 2026 settlement above $91.99 on September 9 is likely.
October WTI is near $93.22, giving it a modest cushion over the $91.99 threshold with little time remaining. Restricted Middle Eastern shipments, attacks on energy infrastructure, and tight physical crude markets support elevated prices. Shipping-route progress and replacement barrels could quickly erode the geopolitical premium, but WTI begins the final window above the required level, making an above-threshold settlement likely.
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