CommoditiesMedium•15 October 2026•
1 min read
WTI Crude Oil Retakes $93.00 Level Following Technical Bounce
Key Facts
1WTI Crude Oil price bounced off the 38.2% Fibonacci retracement level to retake the $93.00 mark.
2Oil prices saw a modest pullback during the Asian session after nearing the $95.00 psychological level the previous day.
WTI Crude Oil price bounced off the 38.2% Fibonacci retracement level to retake the $93.00 mark. FXStreet reported that oil prices saw a modest pullback during the Asian session after nearing the $95.00 psychological level the previous day.
The market remains supported by ongoing geopolitical tensions involving Houthi attacks, which are helping sustain a price floor above $90. This technical recovery indicates a persistent bullish bias despite the brief intraday volatility observed near recent highs.
Historical data shows the OPEC Monthly Report was released on October 13, 2026, an event closely monitored by traders to gauge global energy supply and demand fundamentals.