RE:September Rate Decision and more Past 6-9 months WTI trading range is about $72-$85. Every time oil is close to the bottom of this range there is panic, China, recession, EVs, you name it. When it's close to the top, everyone is talking about $100 is just around the corner.
Watch the interview below with Senator Graham. "I would urge the administration to target Iranian refining facilities".
This won't happen with Dems, especially in an election year. Regardless, many believe that major OPEC members will do whatever is necessary for not allowing oil prices to collapse. May break the current range but won't stay there for long.
https://m.youtube.com/watch?v=JrYwtkGcmOE