Crude Oil Futures Decline: WTI Settles at USD 92.37 and Brent at USD 96.24

Newsquawk · 2026-09-21

Global petroleum prices slumped as diplomatic optimism regarding the US-Iran situation grew and investors locked in profits following strong rallies earlier in September. West Texas Intermediate for October settlement dropped USD 3.71 to finish at USD 92.37 per barrel, while the November Brent contract fell USD 3.05 to settle at USD 96.24 per barrel. The session initially began on an upward trajectory driven by fresh Houthi drone strikes on Saudi Aramco infrastructure and remarks from US President Donald Trump over the weekend. However, these gains evaporated after reports indicated that President Trump held off on immediate military action against the Houthis and showed openness to potential talks with the Iranian leader during the United Nations General Assembly in New York. Throughout the trading day, WTI fluctuated between USD 91.19 and USD 97.22, whereas Brent ranged from USD 95.08 to USD 100.22.

AI 시장 분석

Crude oil prices fell sharply due to diplomatic optimism between the U.S. and Iran, along with profit-taking. WTI settled down $3.71 at $92.37 per barrel, and Brent fell $3.05 to $96.24 per barrel. This decline in oil prices is expected to ease energy cost burdens and have a positive impact on related industries. Investors should closely monitor the trend of easing geopolitical risks and crude oil inventory indicators.

하락 영향

Crude Oil — Rising diplomatic optimism between the U.S. and Iran and profit-taking increased downward price pressure, with WTI dropping $3.71 to $92.37.
Airlines — Although crude oil prices trended downward as geopolitical tensions that previously caused oil spikes eased, short-term volatility remains, sustaining uncertainty regarding fuel cost burdens.

DYAX 전담 분석

Oil prices declined as concerns over a military conflict between the U.S. and Iran eased, and President Donald Trump hinted at the possibility of diplomatic dialogue. WTI finished down $3.71 at $92.37 and Brent closed down $3.05 at $96.24, partially relieving the supply disruption premium.

Looking ahead, an upside scenario where oil prices could spike again due to Iran potentially keeping the Strait of Hormuz closed and further geopolitical clashes coexists with a downside scenario where diplomatic negotiations progress and supply stabilization continues. Investors should pay attention to potential contacts between the two countries at the UN General Assembly and crude oil inventory data from major nations.

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