Brent bias flipped 27 times to neutral on September 4, 2026
Brent crude hovers near $96 as renewed US-Iran hostilities keep oil markets on edge, with prices climbing for a fourth session and diesel near record highs on supply concerns. However, oil slipped after President Trump downplayed the war and Hormuz flows rose, showing how sensitive prices remain to geopolitical headlines. Venezuela's crude has also emerged in focus as a possible alternative source.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 27 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
- 00:15Weak bullish
- 01:30Neutral
- 02:40Weak bullish
- 03:00Bullish
- 07:23Weak bearish
- 07:38Bullish
- 08:08Neutral
- 09:08Bullish
- 09:58Weak bullish
- 10:13Neutral
- 11:13Bullish
- 11:28Neutral
- 12:18Bearish
- 12:33Bullish
- 13:03Neutral
- 13:18Bullish
- 13:33Neutral
- 13:48Weak bullish
- 14:24Bullish
- 15:24Weak bullish
- 15:39Neutral
- 16:42Bullish
- 17:27Neutral
- 18:14Bullish
- 19:24Weak bullish
- 20:24Bearish
- 20:39Neutral
Headlines (15)
First seen on September 4
- Brent Nears $96 as Iran Conflict Keeps Oil Market on EdgeOilPrice.com
- ‘Astronomical’ fuel price surge hits farmers in UK and USThe Guardian
- New fears of oil supply disruption as US-Iran hostilities resumefrance24.com
- US diesel prices hit an all-time-highbbc.co.uk
- WTI Back Above $91 as War Premium ReturnsOilPrice.com
- The Iran War Has Put Venezuela’s Oil Back in the SpotlightOilPrice.com
Carried over from earlier days
- Market Quick Take - Oil tops USD 95 and global bond yields reach multi-decade highs - 02 September 2026home.saxo
- Brent Is Heading Towards $100 a BarrelActionForex
- Hormuz Shipping Slumps as U.S.-Iran Strikes Rattle Oil MarketsOilPrice.com
- Saudi Oil Exports Dive as Tankers at Risk From Hormuz to Red Seagcaptain.com
- U.S. Diesel Prices Close In on April War PeakOilPrice.com
- Oil Holds Above $90 as Fighting Flaresrigzone.com
- Oil slips after three-session rally as Trump downplays Iran war, Hormuz flows riseHellenic Shipping News
- Oil Jumps for Fourth Straight Day and Diesel Nears Record HighThe New York Times
- Oil prices rise on escalation in Middle Eastoilandgas360.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, September 4 | ||
| Unemployment Rate | 6.4% | CAD |
| Employment Change | 15.1K | CAD |
| Ivey PMI | 56.2 | CAD |
| Monday, September 7 | ||
| Bank Holiday | CAD | |
| Tuesday, September 8 | ||
| USD-Denominated Trade Balance | 120.1B | CNY |
| Trade Balance | 795B | CNY |
| Annual Budget Release | CAD | |
| Wednesday, September 9 | ||
| PPI y/y | 3.6% | CNY |