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WTI enters September well below the threshold as supply relief looms, so a September $95 print is a meaningful underdog.
The visible evidence leans against a $95 print: WTI enters September below the threshold, while additional OPEC+ supply, record U.S. production and eventual Hormuz reopening could restrain prices. Yet renewed U.S.-Iran strikes, severely depressed shipping traffic and tight global inventories leave substantial upside risk. The full September window and one-minute-candle rule also allow a brief geopolitical spike to qualify even if prices quickly retreat.
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