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Covered Commodity and Power Product

WTI Crude

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

Current futures price$93.09
Current price$93.09
Daily return-1.6%
Weekly return-7.2%
Monthly return+13.2%
YTD return+62.1%
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 116.41100.2684.1167.9651.812023-09-212024-03-222024-09-232025-03-252025-09-242026-03-262026-09-25 Date Futures price
2023-09-21 to 2026-09-25 · Range 55.27 to 112.95

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 52, a neutral reading. Above 70 can signal extension; below 30 can signal exhaustion.

Support scenario

The first technical watch zone is 83.40. 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 +41.0%. Maximum lookback drawdown is -41.0%, from a high-water mark of 93.68 to 55.27.

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

Current signal

  • WTI Crude futures are trading at $94.29 per barrel, reflecting a recent session gain of 2.31%.
  • The market is exhibiting high volatility, with a one-week performance decline of approximately 7.48% contrasted against a one-month gain of 14.49%.
  • Current price action follows a period of significant downward pressure, with reports indicating the contract recently traded below the $100 threshold.

What changed

  • WTI Crude prices have experienced a notable pullback from recent peaks, with market reports noting a decline of roughly 10% from local highs as of September 18.
  • Diplomatic developments involving Iran have been cited in market reporting as a factor influencing supply expectations and contributing to recent price fluctuations.
  • Saudi export signals have been identified in official commentary as a catalyst for easing supply fears, which has pressured futures prices lower over the past week.

Why it matters

  • The retreat of WTI Crude below $100 per barrel is a critical development for energy-intensive sectors and inflation expectations, as it signals a potential easing of the supply-side cost pressures that have dominated recent months.
  • For producers, the volatility in the $90-$100 range complicates hedging strategies and capital expenditure planning, as the market balances supply-side diplomatic developments against persistent refined fuel shortages.
  • The divergence between WTI and other energy benchmarks, such as Brent, highlights regional supply-demand imbalances that investors must monitor to gauge the sustainability of the current price correction.

Bullish factors

  • Refined fuel shortages remain a persistent structural concern that may provide a floor for crude prices despite recent headline-driven pullbacks.
  • Market sentiment, as reflected in some analyst commentary, suggests that the recent correction may be a temporary liquidity sweep rather than a fundamental shift in the long-term supply-demand balance.
  • The year-to-date performance remains strongly positive at 64.21%, indicating that the broader trend remains supported by underlying market tightness.

Bearish factors

  • Diplomatic efforts to increase supply, specifically regarding Iran, are actively weighing on sentiment and reducing the risk premium previously priced into the market.
  • Saudi export signals have successfully eased supply fears, leading to a technical breakdown that saw prices retreat from the $100 level.
  • The rapid one-week decline of 7.48% suggests a shift in momentum that may attract further selling pressure if the $90 support level is tested.

Key catalysts

  • Ongoing diplomatic negotiations and their impact on global oil supply flows remain the primary driver of short-term price volatility.
  • Official updates from the EIA regarding U.S. energy inventories and supply levels will be critical to confirming whether the recent price pullback is supported by fundamental inventory builds.
  • Market reaction to the sustainability of Saudi export adjustments will determine if the current downward trend in futures prices persists.

Key risks

  • Geopolitical instability remains an unquantifiable risk that could rapidly reverse the current supply-side relief if diplomatic channels fail.
  • The potential for refined fuel shortages to worsen could decouple product prices from crude, creating unexpected margin compression for refiners.
  • High volatility in the futures market increases the risk of forced liquidations for leveraged positions, which can exacerbate price swings in either direction.

Upcoming reports

  • Market participants are monitoring official EIA reports for confirmation of supply-side changes and inventory levels.
  • Continued observation of OPEC and IEA publications is required to assess the global supply-demand outlook following recent diplomatic developments.
  • Investors are tracking the front-month continuous series for further signs of technical support or resistance as the contract navigates the post-$100 environment.

Latest verified updates

  • Official CME Group data confirms that WTI Crude futures have retreated from recent highs, with Saudi export signals cited as a key factor in easing supply concerns.
  • Reported market data indicates that WTI Crude settled at $92.37 on September 21, following a session of significant volatility.
  • Available verified data shows a year-to-date gain of 64.21%, despite the recent one-week decline of 7.48%.

Sources

Yahoo Finance delayed futures data

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