Will WTI Crude Oil (WTI) hit (HIGH) $95 in September?

As of September 1, 2026, Polymarket prices “Will WTI Crude Oil (WTI) hit (HIGH) $95 in September?” at 62% YES with $152K traded. No tracked wallet holds a position on this market, so there is no verdict.

Prediction markets put the probability at 63%: Will WTI Crude Oil (WTI) hit (HIGH) $95 in September. Currently, markets are divided (63% YES, 37% NO). WTI is trading around $115 today, compared to $101 a week ago and $61 a year ago.

What’s Happening

Crude oil markets returned to crisis pricing in late summer 2026 as the question of whether WTI crude oil (WTI) hit (high) $95 in September moved into focus. Brent crude traded at $95.40 a barrel in early trading on August 20, 2026, up sharply from $67.21 a year earlier, after the expired US-Iran ceasefire and a Strait of Hormuz disruption pushed the oil complex back into crisis mode. West Texas Intermediate, which typically trades several dollars below the international Brent benchmark, followed the same trajectory, having already surged in July when tensions first tightened Middle East supply routes. [247wallst, Aug 20]

The rally has direct implications for inflation, which is why traders are watching whether WTI crude oil (WTI) hit (high) $95 in September. July CPI came in mild at a 3.4% annual rate with a 0.1% monthly gain, extending a cooling trend after annual CPI ran 4.2% in May 2026, but the August print is not published until September, meaning the recent crude spike has not yet appeared in official data. Historically, WTI ranged between $63 and $95 in 2023 and between $57.46 and $80.04 in 2025, so a sustained move above $95 would mark the highest levels since the 2022 post-invasion peaks near $123. [247wallst, Aug 20]

The near-term path hinges on geopolitics. On July 22, 2026, Brent futures for September delivery rose more than 4% to an intraday high of $95.10, the largest four-day gain since April, as the US-Iran conflict choked Middle East oil routes; some analysts warned of a potential spike toward $125. Prior episodes show the move can reverse quickly — WTI slid back toward $95 in June after reports of an Israel-Lebanon ceasefire. Whether WTI holds above the threshold this month depends on Hormuz shipping flows and any renewed diplomatic breakthrough. [BigGo Finance, Jul 22]

Traded on Polymarket — $152K Volume