Brent bias flipped 87 times to bullish on July 29, 2026
Brent crude prices are being driven higher by escalating geopolitical tensions in the Middle East, including the Iran war and US-Saudi airstrikes on militias in Iraq, which raise supply disruption risks. US oil inventories have fallen to 'precariously low' levels amid these disruptions, further tightening the market. Shipping risks across key Middle East routes are adding to supply concerns, pushing oil prices upward.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 87 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
- 00:00Weak bullish
- 00:01Bullish
- 00:10Weak bullish
- 00:14Neutral
- 00:30Bullish
- 00:58Weak bearish
- 01:10Weak bullish
- 01:22Bullish
- 01:26Neutral
- 01:30Bearish
- 01:34Neutral
- 02:10Bearish
- 02:30Bullish
- 03:10Weak bullish
- 03:14Bullish
- 03:26Bearish
- 05:26Weak bullish
- 05:30Bullish
- 05:50Neutral
- 06:07Bullish
- 06:23Neutral
- 06:27Bullish
- 06:34Neutral
- 06:38Bearish
- 06:58Weak bullish
- 07:02Bullish
- 07:35Neutral
- 07:39Bearish
- 07:47Bullish
- 09:35Neutral
- 09:55Weak bearish
- 10:03Neutral
- 10:07Bullish
- 10:11Weak bullish
- 10:15Bullish
- 10:35Bearish
- 10:51Bullish
- 11:03Bearish
- 11:07Bullish
- 11:19Bearish
- 11:31Bullish
- 11:39Bearish
- 11:47Bullish
- 11:51Neutral
- 12:07Bullish
- 12:47Weak bullish
- 13:00Weak bearish
- 13:04Bearish
- 13:16Weak bearish
- 13:20Bullish
- 13:48Bearish
- 13:52Neutral
- 14:04Bullish
- 15:05Neutral
- 15:33Bullish
- 15:49Neutral
- 16:01Bullish
- 16:18Bearish
- 16:22Bullish
- 16:26Weak bullish
- 16:34Bullish
- 16:42Weak bullish
- 16:50Bullish
- 17:14Bearish
- 17:22Neutral
- 17:38Bullish
- 17:46Weak bullish
- 18:02Bullish
- 18:34Neutral
- 18:54Bullish
- 19:14Weak bullish
- 19:22Neutral
- 19:50Weak bullish
- 19:54Bullish
- 20:19Weak bullish
- 20:23Neutral
- 20:27Bullish
- 20:43Bearish
- 21:03Neutral
- 21:07Bullish
- 21:23Neutral
- 21:39Bullish
- 22:07Weak bullish
- 22:11Bullish
- 22:15Neutral
- 22:19Bullish
- 22:23Neutral
- 23:24Bullish
Headlines (18)
First seen on July 29
- Oil Rises on Supply-Disruption Concerns Spurred by Iran’s Surprise Missile AttackThe Wall Street Journal
- Mooted WA oil refinery ‘dinosaur technology’ amid clean energy transition, experts sayThe Guardian
- How China Went From Dream Customer to a Nightmare for Big OilThe Wall Street Journal
- Oil prices rise after U.S. and Saudi Arabia attack Iran-backed militias in IraqMarketWatch
- Lower crude oil prices reduced U.S.-Canada energy trade value in 2025eia.gov
- Shipping Risks Rise Across Crucial Middle East Oil RoutesThe New York Times
- U.S. Crude Oil Stockpiles Fall More Than ExpectedThe Wall Street Journal
- US oil inventories fall to ‘precariously low’ level as Iran war disrupts supplyFinancial Times
- Is the world at risk of another energy shock?Al Jazeera
- Fuel prices soar on back of Iran war, leaving Yemeni labourers with no workAl Jazeera
- Why the USO oil ETF is a better buy than crude futures as the Iran war ragesMarketWatch
Carried over from earlier days
- Energy shock: why oil and gas prices have risen less than expectedEuropean Central Bank
- 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
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 | |