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WTI remains above the strike after two settlements above $91, so an October-contract settlement above $89.99 on September 4 is likely.
The October contract stands at $90.5049, only about $0.51 above the threshold, after WTI settled above $91 on each of the prior two days. Middle East fighting and disrupted Hormuz traffic continue to support prices, while recovering exports and bearish trading signals create substantial downside risk. A settlement above $89.99 is more likely, but the narrow cushion leaves meaningful uncertainty.
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.