WTI crude oil futures traded in a volatile $99–$106 range during the week of September 14, 2026, driven primarily by Middle East supply disruptions. Drone attacks damaged Saudi Arabia’s East-West pipeline, suspending loadings at Yanbu and threatening up to 4% of global flows, while Houthi strikes and tanker incidents raised Strait of Hormuz risks. Prices spiked above $104 intraday early in the week before easing as reports emerged of alternative Saudi export routes via Oman, partial pipeline restoration, and Chinese diplomatic pressure on Iran. The front-month contract settled near $100–$101 by week’s end amid profit-taking and expectations of higher near-term supply. Traders are monitoring upcoming EIA inventory releases and any escalation around Hormuz or Fed policy signals on inflation.