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The November 2026 WTI contract is trading near $89.80, above the $88.49 strike, after a two-session decline of 3.7%.
Supply-side pressures—a G7 emergency reserve release, recovering Saudi exports, and OPEC+ maintaining output—have weighed on prices. However, extremely low global inventories, fragile Strait of Hormuz flows, and renewed Houthi attacks on Saudi targets support prices. With 12 hours until settlement, a settlement above $88.49 is likely.
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.