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Covered Commodity and Power Product

WTI Crude

CL=F · Front-month continuous futures · USD per barrel

Current futures price$92.97
Current price$92.97
Daily return-2.9%
Weekly return-12.2%
Monthly return+6.8%
YTD return+61.9%
Contract monthNov 26
Contract expirationUnavailable
Rollover statusProvider-managed front-month continuous series; exact rollover methodology not supplied
Contract seriesFront-month continuous futures
RegionUnited States
Price-feed statusDelayed market data enabled
UnitsUSD per barrel
CurrencyUSD
ProviderYahoo Finance delayed futures data
Timestamp

Historical chart

WTI Crude historical futures price 127.81108.6589.4870.3251.162021-09-222022-07-222023-05-232024-03-222025-01-222025-11-192026-09-22 Date Futures price
2021-09-22 to 2026-09-22 · Range 55.27 to 123.70

AI-Assisted Chart Analysis

WTI Crude technical analysis

Calculated from verified chart history for the selected tenor; no news or fundamental assumptions are used.

Technical only
Trend

Constructive uptrend: the latest level is above the 50-period average and the 50-period average is above the 200-period average.

Momentum

RSI is 54, a neutral reading. Above 70 can signal extension; below 30 can signal exhaustion.

Support scenario

The first technical watch zone is 82.23. A break below 68.55 invalidates the near-term support setup.

Resistance scenario

The first resistance/watch zone is 105.83. A confirmed break above 105.83 supports continuation.

Risk

Annualized realized volatility is +41.4%. Maximum lookback drawdown is -55.3%, from a high-water mark of 123.70 to 55.27.

Potential levels are conditional chart scenarios, not personalized advice or instructions to buy or sell.

Current signal

  • WTI Crude futures are currently trading at $92.18, reflecting a significant downward correction from recent highs observed earlier in the week.
  • The market is exhibiting high volatility, with a single-day decline of approximately 8.1% and a one-week performance showing a sharp reversal from the mid-September peak.
  • Evidence indicates a transition from a supply-constrained rally to a period of price consolidation or pullback, with market participants actively monitoring support levels near $92-$95.

What changed

  • WTI Crude prices have retreated from levels exceeding $106 per barrel observed on September 15, 2026, to the current $92.18 level.
  • The narrative has shifted from supply-disruption fears—specifically Houthi attacks on Saudi infrastructure and potential force majeure in Libya—to a correction phase.
  • Market sentiment, as reflected in reported commentary, has moved from focusing on upside targets of $111-$118 to identifying technical support and potential 'waterfall' patterns.

Why it matters

  • The rapid decline in oil prices impacts energy-sector equities and inflation expectations, as crude is a primary input cost for transportation and manufacturing.
  • For investors, the volatility suggests a potential easing of immediate supply-side inflationary pressures, though the rapid move indicates high sensitivity to geopolitical headlines.
  • The shift from a breakout above $100 to a sub-$95 environment alters the risk-reward profile for energy-linked derivatives and commodity-sensitive portfolios.

Bullish factors

  • Geopolitical tensions in the Middle East, including reported Houthi activity and potential supply disruptions, remain a persistent underlying risk factor that could limit downside.
  • Year-to-date performance remains strongly positive at +60.5%, suggesting the broader structural trend may still be intact despite the recent short-term correction.
  • Historical patterns cited in market commentary suggest that pullbacks of this magnitude have previously been met with buying interest.

Bearish factors

  • The failure to sustain prices above the $105-$106 resistance level has triggered technical selling and profit-taking.
  • Reported easing of supply fears, specifically regarding Saudi export workarounds, has removed a key catalyst that was driving the mid-September rally.
  • The sharp, multi-day decline indicates a loss of momentum, with technical indicators signaling a potential rollover in the trend.

Key catalysts

  • Future updates from the EIA regarding U.S. energy inventories and supply levels will be critical for determining if the current price floor holds.
  • Ongoing monitoring of geopolitical developments in the Middle East and North Africa, particularly regarding the security of oil transit routes.
  • Market reaction to upcoming central bank policy decisions, which may influence broader commodity demand expectations.

Key risks

  • The primary risk is a further breakdown in technical support levels, which could accelerate selling pressure if the $90 level is breached.
  • Unexpected escalations in geopolitical conflicts could rapidly reverse the current downward trend, leading to renewed supply-side volatility.
  • Macroeconomic data releases could shift the demand outlook, potentially exacerbating the current correction if growth concerns intensify.

Upcoming reports

  • Continued monitoring of official EIA inventory reports for evidence of supply-demand imbalances.
  • Ongoing observation of OPEC and IEA publications for updated global demand and supply forecasts.
  • Tracking of geopolitical developments in the Middle East, specifically regarding the Bab al-Mandab Strait and Saudi export infrastructure.

Latest verified updates

  • Official CME Group data confirms the recent slide in WTI Crude futures, noting the transition from supply-risk-driven highs to current levels.
  • Reported data indicates that WTI Crude settled at $95.78 on September 21, 2026, before further movement to the current $92.18 price point.
  • Market reporting confirms that the mid-September rally to $106 was driven by specific supply disruption fears, which have since been mitigated by reports of workarounds.

Sources

Yahoo Finance delayed futures data

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