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WTI is trading just above the strike at about 100.45, with the most recent readings around 101 to 103 and the latest official December settlement at 101.76 the day before.
The main support is the supply-risk backdrop: October 27 reports said a vessel was on fire in the Strait of Hormuz and hopes for a Middle East peace deal had faded, while U.S. crude stocks also fell last week. Those factors keep the contract above the line into the close.
No factor breakdown on this forecast.
Research and information only. Not financial advice or a recommendation to trade. Markets involve risk, including loss of capital. Review venue rules and eligibility before trading.