Brent bias flipped 24 times to bullish on July 26, 2026
Oil prices are falling after the US and Iran paused strikes over Strait of Hormuz tensions, easing immediate supply concerns. However, ongoing risks remain from Houthi attacks on Saudi facilities and a major pipeline deal in Kuwait, highlighting the complexity of global supply dynamics.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 24 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
- 00:34Weak bullish
- 01:06Neutral
- 05:07Bullish
- 06:03Neutral
- 06:19Bullish
- 06:43Neutral
- 10:20Bullish
- 10:24Weak bullish
- 10:52Neutral
- 11:20Bearish
- 11:24Neutral
- 16:08Bullish
- 16:36Neutral
- 17:04Bullish
- 17:24Bearish
- 17:43Neutral
- 18:07Bullish
- 18:12Weak bearish
- 18:28Bearish
- 19:16Bullish
- 19:36Bearish
- 19:48Neutral
- 23:13Bearish
- 23:41Bullish
Headlines (13)
First seen on July 26
- Saudi Arabia’s Vast Oil Supplies Now Increasingly Depend on a Single ExitThe Wall Street Journal
- Yemen’s Houthis target Saudi oil facilities along the Red SeaAl Jazeera
- Some $18 b. of Iranian oil sold since outbreak of war, over half of annual budgetjpost.com
- KOC signs $16 billion infrastructure partnership to support 4 MMbpd production targetworldoil.com
- Oil prices sink, stock futures rally as U.S. and Iran pause attacks, Wall...MarketWatch
- Oil prices fall as Iran and US pause strikes over Strait of Hormuz tensionsFinancial Times
Carried over from earlier days
- Stock Market Today: Dow Futures Edge Higher, Brent SlipsThe Wall Street Journal
- Energy & Utilities Roundup: Market TalkThe Wall Street Journal
- Chevron Is Trying to Keep Its Kazak Assets Out of the Russia-Ukraine WarThe Wall Street Journal
- A Global Economy Jolted by an Oil Shock Now Gets a Tariff ReminderThe New York Times
- Blackstone, Brookfield and KKR sign $16 billion deal with Kuwait for oil pipeline networkCNBC
- The Commodities Feed: Brent tops $100/bbl as Middle East tensions buildING Think
- New North Sea oil drilling faces delay after gear accidentally dropped in seaThe Guardian
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, July 29 | ||
| Crude Oil Inventories | USD | |
| BOC Summary of Deliberations | CAD | |
| Friday, July 31 | ||
| Non-Manufacturing PMI | 50.0 | CNY |
| Manufacturing PMI | 49.9 | CNY |
| GDP m/m | 0.2% | CAD |
| Monday, August 3 | ||
| RatingDog Manufacturing PMI | CNY | |
| Bank Holiday | CAD | |
| Tuesday, August 4 | ||
| Trade Balance | CAD | |