Brent bias flipped 65 times to neutral on July 30, 2026
Brent crude is supported by escalating Middle East tensions, including a planned Saudi offensive in Yemen and the broader Iran conflict, which are raising supply disruption fears. Japan's shift to Canadian crude due to Hormuz supply constraints highlights the market's sensitivity to chokepoint risks. These geopolitical factors are offsetting the impact of lower U.S.-Canada energy trade values reported earlier.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 65 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
- 00:00Bullish
- 00:00Neutral
- 00:31Bearish
- 00:32Bullish
- 00:44Bearish
- 01:08Bullish
- 01:35Neutral
- 03:03Weak bearish
- 03:19Neutral
- 04:08Bullish
- 04:16Neutral
- 04:35Bullish
- 04:37Neutral
- 04:41Bullish
- 04:45Neutral
- 04:53Bullish
- 05:07Bearish
- 05:11Bullish
- 05:15Weak bullish
- 05:31Neutral
- 05:58Bullish
- 06:02Bearish
- 06:23Bullish
- 06:39Bearish
- 06:47Weak bearish
- 06:59Bullish
- 07:15Weak bullish
- 07:19Bullish
- 07:31Neutral
- 07:51Bullish
- 08:03Neutral
- 08:35Bullish
- 08:51Neutral
- 10:04Bullish
- 10:20Bearish
- 10:36Weak bearish
- 10:44Bullish
- 10:48Bearish
- 12:08Bullish
- 13:24Weak bearish
- 13:40Neutral
- 13:52Bullish
- 14:04Neutral
- 14:51Bullish
- 15:19Neutral
- 15:23Bearish
- 15:35Weak bearish
- 15:39Bullish
- 15:47Neutral
- 16:11Bearish
- 16:35Weak bearish
- 16:51Neutral
- 17:03Bullish
- 17:55Neutral
- 18:07Bullish
- 18:48Neutral
- 19:38Bearish
- 20:02Weak bearish
- 20:10Bullish
- 20:34Bearish
- 20:59Neutral
- 21:03Bullish
- 21:07Bearish
- 21:15Weak bearish
- 21:27Bullish
- 22:11Neutral
Headlines (15)
First seen on July 30
- Japan turns to Canadian crude as Asia feels Hormuz supply pinchAl Jazeera
- Shell profits double as oil prices rise due to Iran warbbc.co.uk
- Shell reports highest profits since 2022Financial Times
- In the waters off Malaysia, Iranian oil sales continue despite blockadeAl Jazeera
- American Oil Majors Trying to Get Into Venezuela Have Hit a WallThe Wall Street Journal
- Diesel Back in Spotlight as Middle East Conflict EscalatesThe Wall Street Journal
- Saudi forces planning ‘major offensive against Houthis in central Yemen’The Guardian
Carried over from earlier days
- 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
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| 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 | |
| Manufacturing PMI | CAD | |
| Wednesday, August 5 | ||
| RatingDog Services PMI | CNY | |