WTI bias flipped 89 times to bullish on July 22, 2026
WTI crude is being supported by heightened geopolitical tensions, as Houthi attacks on Red Sea shipping and diminishing hopes of de-escalation with Iran raise supply risk. However, a reported build in U.S. commercial crude stockpiles and new gas supply projects in the UAE and Abu Dhabi are adding countervailing pressure on the commodity.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 89 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
- 00:00Weak bearish
- 00:21Bullish
- 01:04Bearish
- 01:17Bullish
- 01:25Neutral
- 01:33Bullish
- 02:09Weak bullish
- 02:25Bullish
- 03:02Neutral
- 05:15Bullish
- 05:47Neutral
- 05:59Bullish
- 06:07Neutral
- 06:15Bullish
- 06:55Weak bearish
- 06:59Bullish
- 07:11Bearish
- 07:27Bullish
- 07:31Bearish
- 07:51Bullish
- 08:36Neutral
- 08:48Bullish
- 09:00Weak bullish
- 09:04Bullish
- 09:08Neutral
- 09:16Bullish
- 09:48Neutral
- 09:52Bullish
- 10:12Bearish
- 10:16Neutral
- 10:52Bullish
- 11:24Neutral
- 11:28Weak bearish
- 11:36Bearish
- 11:57Bullish
- 12:01Neutral
- 12:17Bullish
- 12:33Neutral
- 12:49Bullish
- 13:01Neutral
- 13:25Bearish
- 13:45Bullish
- 13:57Neutral
- 14:05Bullish
- 14:17Weak bullish
- 14:29Bullish
- 14:33Neutral
- 14:45Bearish
- 14:57Bullish
- 15:01Neutral
- 15:57Bullish
- 16:01Neutral
- 16:13Bullish
- 16:17Weak bullish
- 16:30Neutral
- 16:38Bullish
- 16:58Weak bullish
- 17:22Bullish
- 17:26Bearish
- 17:34Bullish
- 18:15Neutral
- 18:27Bullish
- 18:39Neutral
- 18:56Bullish
- 19:04Weak bullish
- 19:24Neutral
- 19:40Bearish
- 19:44Bullish
- 19:48Neutral
- 19:56Bullish
- 20:04Neutral
- 20:13Bullish
- 20:33Neutral
- 20:45Bearish
- 20:49Neutral
- 21:05Bullish
- 21:09Neutral
- 21:13Weak bullish
- 21:17Neutral
- 21:37Weak bearish
- 21:45Neutral
- 21:57Bullish
- 22:05Neutral
- 22:09Bullish
- 22:13Neutral
- 22:17Bullish
- 22:29Bearish
- 23:01Bullish
- 23:05Neutral
- 23:09Bullish
Headlines (15)
First seen on July 22
- Iran war live: US launches new attacks; Hegseth says war has cost $37.5bnAl Jazeera
- US estimates cost of war in Iran at $37.5 billion as it renews strikes on Tehranfrance24.com
- Norway’s national oil company profits double to $11.5bn amid war on IranThe Guardian
- Oil prices climb to six-week high as hopes of de-escalation in Iran diminishMarketWatch
- $37.5bn cost of Iran war revealed as senator warns of ‘another forever war’ | First ThingThe Guardian
- Can the Suez save Asian oil consumers after Houthis shut Bab al-Mandeb?Al Jazeera
- Houthis deploy missiles and drones to attack ships in southern Red Sea, naval group saysCNBC
- U.S. Commercial Crude Oil Stockpiles Post Weekly BuildThe Wall Street Journal
Carried over from earlier days
- Middle East: Civilians again under fire as US-Iran strikes continueUN News
- Adnoc to invest in $6.2bn natural gas schemes as UAE bids for self-sufficiencyFinancial Times
- Adnoc, Partners to Proceed With $6.2 Billion Umm Shaif Gas Cap ProjectThe Wall Street Journal
- Abu Dhabi approves $6.2 billion gas project to boost UAE supplyCNBC
- Pete Hegseth faces questions over $87.6bn additional funding for PentagonThe Guardian
- Guterres calls for stepping up diplomatic efforts to end US-Iran conflictUN News
- US defense chief Hegseth puts Iran war cost at $37.5bn so farAl Jazeera
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, July 22 | ||
| Foreign Direct Investment ytd/y | CNY | |
| Crude Oil Inventories | -2.0M | USD |
| Thursday, July 23 | ||
| Foreign Direct Investment ytd/y | CNY | |
| Core Retail Sales m/m | 1.3% | CAD |
| Retail Sales m/m | 1.0% | CAD |
| CB Leading Index m/m | CNY | |
| Friday, July 24 | ||
| NHPI m/m | -0.2% | CAD |
| IPPI m/m | -0.4% | CAD |