Last Week Recap | 14–18 Sep 2026
WTI crude prices were highly volatile throughout the week. Early in the week, WTI climbed above $105/bbl amid concerns over supply disruptions in the Middle East, particularly damage to Saudi Arabia's oil infrastructure and developments around the Strait of Hormuz.
Prices subsequently declined toward the end of the week after Saudi Arabia increased exports through Oman, while concerns over supply disruptions began to ease to some extent.
By the end of the week, WTI closed at approximately $100.02/bbl. Oil prices continued to receive support from ongoing tensions in the Middle East but faced pressure from expectations that supply would gradually recover, as well as US crude inventory data showing a smaller-than-expected decline. Elevated oil prices also increased concerns over potential demand weakness.
Fundamental Analysis | 21–25 Sep 2026
Bias: Sideway to Bullish
This week, the market will continue to focus primarily on Geopolitical Risk and Supply Disruptions, particularly developments between the US and Iran, attacks on Saudi Arabia's energy infrastructure, and shipping activity through the Strait of Hormuz. If oil transportation does not return to normal, a Geopolitical Premium is likely to remain embedded in oil prices.
However, the upside could remain limited by Saudi Arabia's efforts to restore supply and its plans to offer additional oil exports through Oman. If tensions in the Middle East begin to ease, profit-taking could emerge and the Geopolitical Premium could gradually decline.
Another key factor to monitor is US Crude Inventories and the Demand Outlook. Recent data showed that US crude inventories declined by only around 640,000 barrels, less than the market expected. Meanwhile, oil prices above $100/bbl could begin to weigh on demand in the coming period.
Overall: WTI could remain Sideway to Bullish, with supply risks remaining the main supporting factor. However, after the strong rally and WTI moving above $100/bbl, investors should watch for profit-taking and a potential decline in the Geopolitical Premium if the Middle East situation improves.
Technical Analysis — WTI 4H
WTI maintains a Sideway to Bullish outlook, with price continuing to trade above the EMA200 and the uptrend line, while the Higher Low structure remains intact. In the short term, the market is consolidating after approaching the resistance zone.
If price holds above the $98.85 support, WTI could recover and retest $106.95. A breakout above this level could open the way for further upside toward the $109.50 target.
Conversely, if price breaks below $98.85, WTI could decline toward the next support at $93.68.
Bias: Sideway to Bullish
Resistance: 106.95 / 109.50
Support: 98.85 / 93.68
Target: 109.50
Cut Loss: Below 93.68
WTI crude prices were highly volatile throughout the week. Early in the week, WTI climbed above $105/bbl amid concerns over supply disruptions in the Middle East, particularly damage to Saudi Arabia's oil infrastructure and developments around the Strait of Hormuz.
Prices subsequently declined toward the end of the week after Saudi Arabia increased exports through Oman, while concerns over supply disruptions began to ease to some extent.
By the end of the week, WTI closed at approximately $100.02/bbl. Oil prices continued to receive support from ongoing tensions in the Middle East but faced pressure from expectations that supply would gradually recover, as well as US crude inventory data showing a smaller-than-expected decline. Elevated oil prices also increased concerns over potential demand weakness.
Fundamental Analysis | 21–25 Sep 2026
Bias: Sideway to Bullish
This week, the market will continue to focus primarily on Geopolitical Risk and Supply Disruptions, particularly developments between the US and Iran, attacks on Saudi Arabia's energy infrastructure, and shipping activity through the Strait of Hormuz. If oil transportation does not return to normal, a Geopolitical Premium is likely to remain embedded in oil prices.
However, the upside could remain limited by Saudi Arabia's efforts to restore supply and its plans to offer additional oil exports through Oman. If tensions in the Middle East begin to ease, profit-taking could emerge and the Geopolitical Premium could gradually decline.
Another key factor to monitor is US Crude Inventories and the Demand Outlook. Recent data showed that US crude inventories declined by only around 640,000 barrels, less than the market expected. Meanwhile, oil prices above $100/bbl could begin to weigh on demand in the coming period.
Overall: WTI could remain Sideway to Bullish, with supply risks remaining the main supporting factor. However, after the strong rally and WTI moving above $100/bbl, investors should watch for profit-taking and a potential decline in the Geopolitical Premium if the Middle East situation improves.
Technical Analysis — WTI 4H
WTI maintains a Sideway to Bullish outlook, with price continuing to trade above the EMA200 and the uptrend line, while the Higher Low structure remains intact. In the short term, the market is consolidating after approaching the resistance zone.
If price holds above the $98.85 support, WTI could recover and retest $106.95. A breakout above this level could open the way for further upside toward the $109.50 target.
Conversely, if price breaks below $98.85, WTI could decline toward the next support at $93.68.
Bias: Sideway to Bullish
Resistance: 106.95 / 109.50
Support: 98.85 / 93.68
Target: 109.50
Cut Loss: Below 93.68
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.