Brent bias flipped 73 times to bullish on August 11, 2026
Escalating Middle East tensions, including a Houthi attack in Yemen and the U.S. maintaining a blockade in the Strait of Hormuz with talks stalled, have heightened supply concerns for Brent crude. Iran's signals of prolonged confrontation add to the risk premium. In response, both the EIA and the U.S. Department of Energy have raised their Brent price forecasts, reflecting a tighter supply outlook.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 73 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
- 00:02Weak bullish
- 00:06Bullish
- 00:10Neutral
- 00:22Bullish
- 00:34Neutral
- 01:02Bullish
- 01:22Bearish
- 01:58Weak bearish
- 02:10Bullish
- 02:42Weak bullish
- 03:02Bullish
- 05:07Neutral
- 05:55Bullish
- 06:51Neutral
- 07:15Bullish
- 07:23Neutral
- 07:47Bullish
- 08:07Bearish
- 08:15Bullish
- 08:43Bearish
- 09:16Bullish
- 09:36Neutral
- 09:40Bullish
- 10:20Weak bullish
- 10:28Bearish
- 10:32Bullish
- 10:36Neutral
- 10:52Bullish
- 11:08Neutral
- 11:20Bearish
- 11:28Bullish
- 11:44Neutral
- 12:12Bullish
- 13:04Bearish
- 13:08Bullish
- 13:16Bearish
- 13:20Neutral
- 13:40Bullish
- 13:44Bearish
- 14:01Bullish
- 14:45Weak bullish
- 14:49Neutral
- 15:17Bearish
- 15:20Bullish
- 15:24Neutral
- 15:36Bullish
- 15:48Neutral
- 16:09Bullish
- 16:13Bearish
- 16:25Bullish
- 16:37Neutral
- 17:01Weak bullish
- 17:25Bullish
- 17:33Weak bullish
- 17:57Neutral
- 18:41Bullish
- 18:58Neutral
- 20:06Bullish
- 20:10Bearish
- 20:18Neutral
- 20:26Bearish
- 20:34Neutral
- 20:38Bearish
- 20:42Bullish
- 20:50Bearish
- 21:10Neutral
- 21:34Bullish
- 21:42Neutral
- 22:03Weak bullish
- 22:11Neutral
- 22:31Bullish
- 23:05Neutral
- 23:54Bullish
Headlines (15)
First seen on August 11
- Hormuz Deadlock: Where oil prices could head next as prospects for an imminent deal fadeCNBC
- Forex Today: Fading hopes of a US-Iran deal weighs on market moodFXStreet
- U.S. Futures Mostly Lower, Oil Price Rises on Middle East TensionThe Wall Street Journal
- WTI Oil hits fresh highs at $83.50 as Hormuz reopening hopes vanishFXStreet
- Pakistani minister comments weigh on oilInvestingLive
- EIA raises crude oil price forecasts as Middle East supply risks tighten outlookInvestingLive
- US Department of Energy raises Brent oil price outlook to $86.81 in 2026TASS
Carried over from earlier days
- Middle East crisis live: Hormuz will stay closed until US ‘accepts all our conditions’, say Iran’s Revolutionary GuardsThe Guardian
- Oil Prices Climb and Stocks Dip on Stalemate in Iran WarThe New York Times
- U.S. reaffirms grip on Hormuz blockade, turning away 55 ships as talks stallCNBC
- Middle East live: Houthis launch deadly strike on port city of Mocha in Yemenfrance24.com
- BofA: Hormuz Needs 10 Times More Ships to Stabilize Oil MarketsOilPrice.com
- U.S. Stocks Fall as Hopes for Strait of Hormuz Reopening Are Dashed AgainThe Wall Street Journal
- UNCONFIRMED - Incoming report of further cruise missile launches from Sirik, IranInvestingLive
- Iran installs new war chiefs as Tehran signals ‘prolonged confrontation,’ expert warnsfoxnews.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, August 12 | ||
| Building Permits m/m | 0.8% | CAD |
| Crude Oil Inventories | -1.7M | USD |
| Thursday, August 13 | ||
| Foreign Direct Investment ytd/y | CNY | |
| New Loans | -50B | CNY |
| M2 Money Supply y/y | 7.9% | CNY |
| Friday, August 14 | ||
| Wholesale Sales m/m | 2.7% | CAD |
| Manufacturing Sales m/m | -0.1% | CAD |
| Monday, August 17 | ||
| New Home Prices m/m | CNY | |