Reasoning
WTI crude oil is currently priced at $93.29 per barrel, indicating it is close to the $95 level, but remains below it. The Federal Reserve's target rate range is stable at 3.50 to 3.75 percent, with indications of a possible rate hike in the future due to the perception of rising inflationary pressures. This scenario may limit demand for oil, making it challenging for prices to sustain above $95 for an extended period.Key uncertainty
A sudden geopolitical event or production cut from major oil-producing nations could trigger a rapid price increase above $95.