Crude Oil (WTI)

Key insight

88.47 sits in no-man's-land: 50-day MA at 89.20 capping upside, 200-day MA at 85.60 anchoring downside. Break of either level in the next 48 hours sets the directional tone into Q4.

88.47 holds mid-range between 85.00 support and 91.50 resistance — Gold's +1.4% surge signals risk-off hedging, not oil demand strength; USD softness provides only partial offset.

Main risk

OPEC+ supply policy shift

Unwind of voluntary cuts by key OPEC+ members adds 500–1,000 kb/d supply risk; a confirmed rollback targets 83.00 fast.