Brent bias flipped 41 times to neutral on August 13, 2026
Brent crude is being driven by conflicting forces: the IEA projects a deepening supply shortfall this quarter, partly due to an elusive reopening of the Strait of Hormuz, while US-Iran tensions and a potential naval blockade keep geopolitical risk elevated. Meanwhile, OPEC and the IEA have slashed 2026 demand outlooks, which has pulled prices lower. The market is balancing tight supply against weaker demand expectations.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 41 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
- 01:29Bearish
- 02:05Weak bullish
- 02:49Weak bearish
- 02:53Weak bullish
- 03:17Weak bearish
- 04:26Neutral
- 05:26Bearish
- 05:34Weak bullish
- 06:22Bullish
- 06:26Bearish
- 06:38Neutral
- 06:46Bearish
- 06:50Bullish
- 06:54Bearish
- 07:02Neutral
- 07:34Weak bearish
- 07:51Neutral
- 08:11Bullish
- 08:40Weak bullish
- 09:08Weak bearish
- 09:20Bullish
- 10:40Weak bearish
- 10:45Weak bullish
- 11:57Neutral
- 13:09Weak bullish
- 13:17Neutral
- 13:41Bearish
- 14:22Neutral
- 15:06Weak bearish
- 15:10Neutral
- 15:18Bullish
- 15:22Neutral
- 15:38Weak bullish
- 16:02Neutral
- 16:26Weak bullish
- 16:34Bullish
- 16:42Weak bullish
- 16:58Neutral
- 20:03Weak bullish
- 21:03Weak bearish
- 21:07Neutral
Headlines (14)
First seen on August 13
- Oil Prices Fall as OPEC and IEA Slash 2026 Demand OutlooksOilPrice.com
- CNBC Daily Open: Middle East tensions send oil higher while Iran-U.S. tensions escalateCNBC
- Global 2026 oil supply shortfall to deepen as Hormuz reopening remains elusive, IEA saysMining Weekly
- US-Iran talks in deadlock – what’s the latest?Al Jazeera
- US can keep naval blockade on Iranian ports "indefinitely," Pentagon chief saysInvesting.com
- Jefferies: Diesel Cracks Reveal the Real Oil Market SqueezeOilPrice.com
Carried over from earlier days
- Iran war live: US fires missiles at cargo ship violating Iran blockadeAl Jazeera
- Strait of Hormuz traffic falls to new low as Iran-backed group kills 6 in Red Seacbsnews.com
- War Is Squeezing Another Global Chokepoint: The Black SeaThe Wall Street Journal
- Iran remains defiant as it vows to fight US until demands metAl Jazeera
- IEA: Global Oil Deficit To Hit 1.8 Million Bpd This QuarterOilPrice.com
- Strait of Hormuz ship traffic near three-month low as U.S.-Iran deal in doubtCNBC
- IEA Warns Oil Market Risks Mount as Hormuz Disruptions Drain Inventoriesgcaptain.com
- Due to the Iran war, Iraq is running out of moneydw.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, August 13 | ||
| Foreign Direct Investment ytd/y | CNY | |
| M2 Money Supply y/y | 7.9% | CNY |
| New Loans | -50B | CNY |
| Friday, August 14 | ||
| Foreign Direct Investment ytd/y | CNY | |
| New Loans | -50B | CNY |
| M2 Money Supply y/y | 7.9% | CNY |
| Manufacturing Sales m/m | -0.1% | CAD |
| Wholesale Sales m/m | 2.7% | CAD |