CrudeOil: Daily Read | 2026-10-18

Crude Oil (WTI) is trading near $96.12, 1.1% higher on the day and holding in the upper half of its one-month range. The one-month average sits near $93.66, and price is above it, so that line is the pivot the two-way traffic keeps returning to. Momentum has firmed over the last two weeks, roughly 7.0% up, leaving the structure as a clean uptrend, price above both its one-month and longer averages. The levels that matter are $105.63 overhead, the past month’s swing high, about 9.9% above here, with $79.62 below as the shelf that has held, roughly 17.2% down; the $98.00 and $96.00 round numbers are the nearer handles. Zoom out and the last three months have ranged between $70.77 and $106.00, which frames the bigger picture. For now the tilt is bullish: a close above $105.63 would open room toward $107.63, while losing $79.62 would put $70.77 back in view.

Key levels: support $79.62 (17.2% below), resistance $105.63 (9.9% above), one-month average $93.66, three-month range $70.77 to $106.00.