Brent bias flipped 78 times to weak bullish on July 28, 2026
Brent crude is being driven by heightened geopolitical tensions in the Middle East, including Houthi attacks on Saudi oil tankers and risks to key oil routes due to the Iran conflict. However, prices have also been influenced by diplomatic signals, such as Trump's claim of 'deep talks' with Iran, which contributed to recent declines.
Updated
The reading that day
Weak bullishAt the close of the UTC day.
BearishNeutralBullish
It changed 78 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
- 01:04Bearish
- 01:40Bullish
- 02:08Bearish
- 02:49Neutral
- 03:05Weak bullish
- 03:09Neutral
- 03:33Bullish
- 03:53Weak bearish
- 04:01Neutral
- 04:09Weak bullish
- 04:13Neutral
- 04:59Weak bearish
- 05:03Neutral
- 05:47Bearish
- 05:55Neutral
- 06:31Bullish
- 06:35Neutral
- 06:47Weak bearish
- 06:59Neutral
- 07:07Bullish
- 07:35Neutral
- 09:07Weak bullish
- 09:31Bearish
- 09:35Bullish
- 09:43Neutral
- 10:08Bullish
- 10:32Bearish
- 11:04Neutral
- 11:24Bullish
- 11:36Bearish
- 11:40Bullish
- 11:48Neutral
- 12:16Bearish
- 12:20Neutral
- 12:32Bearish
- 12:40Bullish
- 13:08Weak bearish
- 13:12Neutral
- 13:20Bearish
- 14:36Weak bearish
- 14:40Neutral
- 14:52Bullish
- 15:04Neutral
- 15:28Bearish
- 15:37Bullish
- 15:45Bearish
- 15:49Neutral
- 16:08Bullish
- 17:33Bearish
- 17:41Neutral
- 17:49Bullish
- 18:05Bearish
- 18:17Neutral
- 18:29Bullish
- 18:33Weak bullish
- 18:45Bullish
- 18:49Neutral
- 19:01Bullish
- 19:29Neutral
- 19:33Bullish
- 19:37Neutral
- 19:49Bullish
- 20:09Bearish
- 20:17Neutral
- 20:41Bullish
- 21:01Bearish
- 21:05Weak bearish
- 21:09Bearish
- 21:13Bullish
- 21:21Neutral
- 21:37Weak bearish
- 22:05Bullish
- 22:29Neutral
- 22:49Weak bullish
- 23:05Neutral
- 23:13Weak bullish
- 23:37Neutral
- 23:49Weak bullish
Headlines (17)
First seen on July 28
- Asia ‘scraping the bottom of the barrel’ as Red Sea oil blockade worsens energy crisisThe Guardian
- Drilling for Oil the Old-Fashioned Way in ‘Little Texas,’ IndonesiaThe New York Times
- Energy & Utilities Roundup: Market TalkThe Wall Street Journal
- Oil prices decline further after Trump claims ‘deep talks’ are underway with IranMarketWatch
- Forget oil. A surging El Niño could kill Fed rate cuts — and these stocks stand to win.MarketWatch
- The Iran War Just Put Another Key Oil Route at RiskThe New York Times
- U.S. Strategic Petroleum Reserve faces stress as emergency releases strain old infrastructureCNBC
- Fossil Fuel Executives Cash InThe New York Times
- Saudi Arabia has a new, and pricier, workaround to export its oilMarketWatch
- Houthis Claim Strike on Another Saudi Oil TankerThe New York Times
Carried over from earlier days
- Stock Market Today: Pause in Mideast Fighting Sends Oil Lower, Stock Futures HigherThe Wall Street Journal
- Oil prices see largest one-day declines in two months amid pause in strik...MarketWatch
- Energy shock: why oil and gas prices have risen less than expectedEuropean Central Bank
- Oil price dives as US and Iran pause attacksbbc.co.uk
- Potential for first Australian oil refinery in 60 years as treasurer braces for inflation from Middle East warThe Guardian
- We're buying more of a slumping industrial stock and a hard-hit chipmakerCNBC
- Saudi Arabia Blames Iran-Backed Militias for Attack on Oil FacilitiesThe Wall Street Journal
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, July 29 | ||
| Crude Oil Inventories | 0.7M | USD |
| BOC Summary of Deliberations | CAD | |
| Friday, July 31 | ||
| Manufacturing PMI | 50.1 | CNY |
| Non-Manufacturing PMI | 50.0 | CNY |
| GDP m/m | 0.2% | CAD |
| Monday, August 3 | ||
| RatingDog Manufacturing PMI | CNY | |
| Bank Holiday | CAD | |
| Tuesday, August 4 | ||
| Trade Balance | CAD | |