
News & Macromedium confidence
Crude Oil Price Forecast – WTI Oil Faces $95 Ceiling as Gulf of Mexico Supply Recovery Builds
FXEmpire · October 13, 2026 · Week 2026-42
Summary
WTI crude oil prices are facing resistance at the $95 per barrel level due to the recovery of oil supply from the US Gulf of Mexico. This increase in non-OPEC production adds barrels to the market, creating a headwind for further price increases and challenging the market management strategies of major producers.
Strategic Implication
Rising non-OPEC supply from the US complicates OPEC+ efforts to support prices, potentially requiring further production discipline to prevent a market surplus.