{
  "id": 8172072,
  "title": "WTI Price Forecast: Consolidates below mid-$96.00s as Mideast jitters favor bulls",
  "url": "https://urgent.news/2026/09/18/wti-price-forecast-consolidates-below-mid-96-00s-as-mideast-jitters",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T04:45:44.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/wti-price-forecast-consolidates-below-mid-9600s-as-mideast-jitters-favor-bulls-202609180445"
  },
  "original_language": "en",
  "account": "West Texas Intermediate (WTI) crude oil prices struggle to capitalize on a modest overnight bounce, remaining defensive in Asian trading on Friday. The benchmark US Crude Oil price currently trades near $96.35, down 0.20% for the day, but still near a May high. The Middle East crisis adds geopolitical risk, with Iran's Islamic Revolutionary Guard Corps (IRGC) targeting a Togo-flagged tanker in the Strait of Hormuz and US President Donald Trump considering a major decision on resuming large-scale attacks on Iran. Despite this, the technical analysis suggests a bullish near-term bias, with crude oil prices supported by the 100-day SMA, 61.8% Fibonacci retracement, and positive MACD and RSI indicators. However, crude oil has yet to surpass the 78.6% Fibonacci level at $98.55 or the recent cycle high at $107.11. Support is seen at the 61.8% Fibonacci level at $91.82, followed by the 50% retracement at $87.10 and the 100-day SMA near $85.24.",
  "summary": "West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight modest bounce from the $94.65 area, or the weekly low, and remains on the defensive during the Asian session on Friday.",
  "key_points": [
    "WTI crude near $96.35, down 0.20% daily",
    "Middle East crisis adds geopolitical risk",
    "Support at $91.82, resistance at $98.55"
  ],
  "editors_take": "Geopolitical tensions in the Middle East boost the near-term bullish case for WTI crude oil prices, which are technically supported but still struggle to break key resistance levels.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}