- Will WTI Crude Oil (WTI) hit (HIGH) $95 in August?9¢
- Will WTI Crude Oil (WTI) hit (HIGH) $105 in August?2¢
- Will WTI Crude Oil (WTI) hit (HIGH) $115 in August?<1¢
- Will WTI Crude Oil (WTI) hit (LOW) $65 in August?<1¢
- Will WTI Crude Oil (WTI) hit (LOW) $55 in August?<1¢
- Will WTI Crude Oil (WTI) hit (LOW) $50 in August?<1¢
- Will WTI Crude Oil (WTI) hit (LOW) $40 in August?<1¢
- Will WTI Crude Oil (WTI) hit (LOW) $30 in August?<1¢
- Will WTI Crude Oil (WTI) hit (LOW) $20 in August?<1¢
- Will WTI Crude Oil (WTI) hit (HIGH) $150 in August?<1¢
- Will WTI Crude Oil (WTI) hit (HIGH) $140 in August?<1¢
- Will WTI Crude Oil (WTI) hit (HIGH) $130 in August?<1¢
Geopolitical tensions between the United States and Iran, centered on restricted tanker traffic through the Strait of Hormuz, remain the dominant driver of WTI crude prices in August 2026, with benchmarks trading near $85–87 per barrel amid supply concerns. Reduced flows have contributed to global inventory draws and backwardation in futures curves, while a stronger U.S. dollar and softer Chinese refinery demand have capped upside. Recent weekly gains of over 5% reflect persistent risk premiums, though profit-taking and any signs of de-escalation have triggered pullbacks. Traders are monitoring U.S. sanctions announcements, OPEC+ supply adjustments, and upcoming EIA inventory data for signals on whether the market sustains tightness into September or sees normalization.