Will WTI Crude Oil (WTI) hit (HIGH) $110 in September?

Prediction markets put the probability at 10%: Will WTI Crude Oil (WTI) hit (HIGH) $110 in September. Currently, markets see this as unlikely (10% YES). The technical outlook is also pointing in the same direction.

What’s Happening

Whether WTI crude oil (WTI) hit (high) $110 in September hinges on a large move from current levels. On September 1, 2026, US West Texas Intermediate crude rose 1% to $86.59 per barrel, while Brent futures gained 0.6% to $91.05, as renewed tensions between the US and Iran revived concerns over potential supply disruptions from the Middle East. Reaching $110 would require WTI to climb roughly 27% within the month, a threshold the US benchmark has not touched during the year despite repeated geopolitical flare-ups. [Top1markets, Sep 1]

The $110 level has been in focus for months as a technical and fundamental ceiling. In March 2026, Brent surged above $110 after Israel struck Iran's largest gas plant, pushing US gas prices to their highest since 2023, though WTI peaked near $96.78 even at the height of that escalation. Analysts at ING earlier projected Brent would average $110 per barrel between July and September if Strait of Hormuz flows stayed constrained, before trending lower in the fourth quarter as Middle East supply recovered. Whether WTI crude oil (WTI) hit (high) $110 in September depends heavily on those supply-side risks materializing. [Oilprice, Jun 12]

Historical precedent shows such spikes are possible but rarely sustained: in September 2013, oil reached $110 amid threatened US strikes in Syria, only to retreat as feared supply shocks failed to arrive. With WTI trading in the mid-$80s as September opened, the question of whether WTI crude oil (WTI) hit (high) $110 in September rests on a rapid, conflict-driven rally rather than gradual gains. Traders are watching US-Iran developments and Hormuz shipping flows as the key catalysts that could close the roughly $23 gap to the target. [FXEmpire, Mar 8]

Traded on Polymarket — $70K Volume

Lower-volume market on Polymarket ($70K). Wider spreads expected — enter with limit orders and be aware of slippage risk. Currently 10c YES.