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WTI is already above $83.99 with only one settlement session remaining, so an August 31 settlement above the threshold is likely.
October WTI’s current settlement-basis price of 85.0552 is roughly 1.25% above the $83.99 threshold. That cushion contrasts with Friday’s $83.40 official settlement and a steep weekly decline, showing that either outcome remains reachable. Fresh military action and threats around the Strait of Hormuz support an oil-risk premium, while recovering Gulf exports and higher production temper it. With little time remaining and prices expected to stay roughly stable, an above-threshold settlement is likely, though a sharp final-session move could still reverse the result.
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.