Brent bias flipped 31 times to neutral on August 27, 2026
Brent crude is being driven by conflicting signals from the Strait of Hormuz: tanker traffic is increasing and diplomatic talks are reviving, which has eased some supply disruption fears and contributed to recent price declines. However, Iran insists the strait remains closed, and other headlines highlight persistent risks, keeping the market sensitive to geopolitical developments. U.S. crude inventories barely changed, offering little direction.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 31 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
- 01:37Bearish
- 01:53Weak bearish
- 02:09Neutral
- 04:58Bullish
- 05:18Weak bearish
- 06:36Neutral
- 08:04Bullish
- 08:57Weak bullish
- 09:30Weak bearish
- 09:50Bullish
- 10:06Weak bullish
- 10:42Neutral
- 10:58Bullish
- 11:26Bearish
- 11:42Weak bullish
- 11:58Neutral
- 12:26Weak bearish
- 13:02Neutral
- 14:52Bearish
- 15:08Weak bearish
- 15:25Neutral
- 17:05Weak bearish
- 17:42Neutral
- 17:58Bullish
- 18:14Neutral
- 19:58Bearish
- 20:26Weak bearish
- 20:42Neutral
- 20:58Bullish
- 21:14Weak bullish
- 21:31Neutral
Headlines (17)
First seen on August 27
- Tanker struck by projectile in Strait of Hormuz — UKMTOTASS
- Tanker attack tests Trump’s claim that Hormuz is a 'functioning strait'CNBC
- Oil Prices Fall as Qatar Pushes New Hormuz TalksOilPrice.com
- How a 95 percent drop in Hormuz traffic changed global shippingAl Jazeera
- Hormuz Oil Flows Rising as Gulf Giants’ Ramp Up Acceleratesgcaptain.com
- Oil catch up post: Snaps losing streak as Trump rules out reviving Iran ceasefire termsInvestingLive
Carried over from earlier days
- Iranians queue for petrol as US blockade bitesFinancial Times
- Houthi strikes threaten to pull Yemen back into full-scale wardw.com
- Brent crude oil falls below $87 per barrel on ICE exchange for first time since August 14TASS
- U.S. Refiners Face New Crude Squeeze as Canada Cuts Oil Sands OutputOilPrice.com
- Middle East live: Iran says Hormuz strait still closed despite transit corridor talks with Omanfrance24.com
- Almost half of global oil flows from war zonesHellenic Shipping News
- U.S. Crude Stocks Barely Budge as Gasoline Inventories FallOilPrice.com
- Oil prices slide amid hopes for progress in Mideast diplomacyoilandgas360.com
- Why Hormuz remains high risk for ships despite US claims of mine-clearingAl Jazeera
- Oil Drops as Tankers Begin Moving More Gulf CrudeOilPrice.com
- Oil catch up: Russia-Ukraine war keeps a floor under oil despite Hormuz optimismInvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, August 27 | ||
| Current Account | 3.5B | CAD |
| CB Leading Index m/m | CNY | |
| Friday, August 28 | ||
| GDP m/m | 0.2% | CAD |
| Monday, August 31 | ||
| Non-Manufacturing PMI | CNY | |
| Manufacturing PMI | CNY | |
| Tuesday, September 1 | ||
| RatingDog Manufacturing PMI | CNY | |
| Manufacturing PMI | CAD | |
| Wednesday, September 2 | ||
| BOC Rate Statement | CAD | |