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October WTI is trading above the threshold with little time remaining, so a September 9 settlement above $90.99 is likely.
The October contract is at $91.7529, about 0.8% above the $90.99 threshold with roughly a day remaining. Recent trading and closing levels have mostly exceeded the threshold, while attacks on Saudi energy facilities sustain supply concerns. The cushion is nevertheless narrow: WTI traded below the threshold on September 8, and progress on Hormuz shipping arrangements could ease the geopolitical premium. A settlement above $90.99 is likely, with meaningful uncertainty from the contract’s demonstrated intraday volatility.
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