WTI crude oil prices traded in a volatile $88–$96 per barrel range during the week of September 28, 2026, amid persistent supply constraints from Middle East disruptions. Partial closures and reduced flows through the Strait of Hormuz shifted global balances toward deficit, supporting elevated levels despite workarounds such as alternative routes and ship-to-ship transfers. Weak Chinese refining demand and high inventories capped upside, while U.S. crude stocks showed mixed draws. Recent EIA data and reports of recovering Saudi exports contributed to late-week pressure, though lingering U.S.-Iran tensions and potential diesel stock releases provided a floor. Traders are monitoring further Middle East developments and inventory reports for shifts in the near-term price path.