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The latest official settlement was below the cutoff and same-day readings mostly remained there, so an above-threshold WTI settlement is a meaningful underdog.
October WTI entered August 27 below the cutoff after consecutive declining settlements. Same-day readings were mostly below it despite a brief move above, leaving a viable but less likely upside path. Disrupted Gulf flows and Russian infrastructure attacks could still produce a sharp rally, while diplomatic progress, rising supply, and bearish momentum favor a below-cutoff settlement. No supplied source yet reports the official August 27 settlement.
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