Brent bias flipped 61 times to neutral on August 6, 2026
Brent crude is being driven by conflicting signals from the Middle East, where Strait of Hormuz disruption and Houthi missile claims have halted Gulf shipping, while talks over the US-Iran standoff have at times eased supply fears. Independent supply factors, including tightened distillate exports and a sharp drop in dirty tanker loadings from Russian Black Sea ports, are also supporting prices. The market remains sensitive to headlines, as evidenced by oil's climb above a key technical level followed by losses on Hormuz talk optimism.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 61 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
- 00:04Bullish
- 00:24Bearish
- 00:32Bullish
- 01:16Bearish
- 01:24Neutral
- 01:28Bearish
- 01:40Bullish
- 02:00Neutral
- 03:25Weak bullish
- 04:23Bullish
- 04:35Bearish
- 05:15Weak bearish
- 05:35Bullish
- 06:48Bearish
- 06:56Bullish
- 07:28Bearish
- 07:32Neutral
- 07:48Bearish
- 08:00Neutral
- 08:04Bearish
- 09:00Neutral
- 09:04Bearish
- 10:04Bullish
- 10:28Neutral
- 10:57Bearish
- 11:33Neutral
- 12:17Bullish
- 12:21Neutral
- 13:21Weak bearish
- 13:25Bullish
- 13:45Bearish
- 14:05Neutral
- 14:25Bullish
- 14:37Bearish
- 14:45Bullish
- 14:57Neutral
- 15:05Bearish
- 15:09Neutral
- 15:13Bearish
- 15:25Bullish
- 15:46Bearish
- 15:58Bullish
- 16:06Bearish
- 16:14Weak bearish
- 16:18Neutral
- 17:10Bearish
- 17:14Bullish
- 17:26Bearish
- 17:42Neutral
- 18:22Bullish
- 18:34Bearish
- 18:42Neutral
- 19:10Bullish
- 19:22Bearish
- 19:58Bullish
- 20:26Bearish
- 20:34Bullish
- 21:02Bearish
- 21:06Neutral
- 22:03Bullish
- 23:27Neutral
Headlines (16)
First seen on August 6
- Oil: Distillate exports tighten market – INGFXStreet
- The Arb View: Atlantic Basin barrels come into playHellenic Shipping News
- Will the US-Iran war and Hormuz deadlock last for months?Al Jazeera
- Gulf Shipping Grinds to a Halt Following Houthi Missile ClaimOilPrice.com
- Oil prices have climbed back above a key technical level — live coverageMarketWatch
- Brent crude oil price on the ICE exchange rises by more than 3%TASS
- Oil prices jump after Iran publishes restrictive draft plan for Strait of HormuzCNBC
- Strait of Hormuz — a Renewed Blockade Impairs Dry-Bulk CrossingsHellenic Shipping News
Carried over from earlier days
- Iran demands inbound control of Hormuz and outbound oversight, source saysboereport.com
- Revealed: major oil firms make $93bn profits amid war and climate crisisThe Guardian
- Strait of Hormuz disruption hits energy, fertilizer and industrial tradeUN News
- US stock market hits record highs as AI profits pile and oil prices easeThe Guardian
- Abu Dhabi’s Adnoc Distribution Profit Nearly Doubles on Fuel Demand, Inventory GainsThe Wall Street Journal
- Oil prices move higher after Yemen's Iran-backed Houthis claim Saudi tanker strikeCNBC
- Dirty tanker loadings drop 62% from Russian ports in the Black Sea and Sea of AzovHellenic Shipping News
- Oil Extends Losses on Hormuz Talksrigzone.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, August 7 | ||
| Trade Balance | 735B | CNY |
| USD-Denominated Trade Balance | 108.6B | CNY |
| Unemployment Rate | 6.5% | CAD |
| Employment Change | 17.8K | CAD |
| Ivey PMI | 55.4 | CAD |
| Annual Budget Release | CAD | |
| Sunday, August 9 | ||
| PPI y/y | 3.9% | CNY |
| CPI y/y | 0.8% | CNY |