Brent bias flipped 2 times to bullish on August 19, 2026
Brent crude extended gains to a fourth day, crossing $91 a barrel for the first time since July 31, as fighting near the Strait of Hormuz and the end of a US-Iran ceasefire escalated supply disruption concerns. Iran's parliament speaker stated the strait will remain closed until the US fulfills memorandum terms, while US diesel reserves near 23-year lows add to market tightness. These geopolitical and inventory factors are currently driving price action in the crude market.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 2 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
- 02:34Weak bearish
- 03:05Bullish
Headlines (9)
First seen on August 19
Carried over from earlier days
- US stock markets grind lower as oil prices climb following report Iran seized a tankerInvestingLive
- Brent crude price on ICE exchange exceeds $91 per barrel for the first time since July 31TASS
- Oil prices rise as US-Iran ceasefire ends; UK wage growth slows amid cost of living squeeze – business liveThe Guardian
- Strait of Hormuz to remain closed until US fulfills memorandum terms — parliament speakerTASS
- Iran Halts UAE-Linked Tanker in Hormuz, Attacks Cargo Shipenergyintel.com
- Brent: War-linked range trading outlook – BBHFXStreet
- Brent Breaks $90 — Now US 10-Year at 4.75% Holds the Bigger Market TestActionForex
- U.S. Diesel Reserves Sit Near 23-Year LowsOilPrice.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, August 19 | ||
| Crude Oil Inventories | 0.2M | USD |
| Thursday, August 20 | ||
| 1-y Loan Prime Rate | 3.00% | CNY |
| 5-y Loan Prime Rate | 3.50% | CNY |
| IPPI m/m | -0.4% | CAD |
| NHPI m/m | 0.0% | CAD |
| RMPI m/m | -1.8% | CAD |
| Friday, August 21 | ||
| Foreign Direct Investment ytd/y | CNY | |
| Core Retail Sales m/m | 0.2% | CAD |