September WTI crude oil futures were trading at $84.12 late Thursday, down $6.35, or 7.02%, for the week. September WTI crude oil futures were trading at $84.12 late Thursday, down $6.35, or 7.02%, for the week. Hormuz Still Decides the Supply StoryOne Qatari LNG tanker, Al Areesh, passed through Hormuz with Iran’s permission this week. Weekly Technical ForecastThe direction of the Weekly September Crude Oil futures contract for the week-ending August 7 is likely to be determined by trader reaction to $81.21. We’re not going to turn totally bearish on crude oil unless the 52-week moving average at $68.98 fails to hold.