WTI crude oil prices have traded in a volatile $88–$94 range recently amid mixed geopolitical and supply signals, with the benchmark settling near $91 on October 2 before dipping intraday toward $88.06. Heightened Middle East tensions, including Houthi strikes on Saudi facilities and U.S. military positioning, have supported a risk premium, while G7 plans to release up to 100 million barrels of crude and diesel reserves, rising U.S. inventories, and recovering Gulf exports have capped upside. OPEC+ held November quotas steady, and easing U.S.-Iran diplomatic signals have tempered escalation fears. Traders are watching weekly EIA inventory data, any further reserve announcements, and developments around the Strait of Hormuz for near-term direction in the week ahead.