WTI bias flipped 88 times to bullish on July 29, 2026
WTI crude prices are being driven higher by escalating geopolitical tensions in the Middle East, particularly the Iran war, which has disrupted supply and raised shipping risks across key routes. This is reflected in U.S. crude inventories falling more than expected to 'precariously low' levels, supporting price gains despite earlier lower trade values.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 88 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
- 00:00Bullish
- 00:14Bearish
- 00:30Bullish
- 01:10Bearish
- 01:22Weak bullish
- 01:26Neutral
- 01:30Bullish
- 01:34Weak bullish
- 02:10Neutral
- 02:18Bullish
- 02:30Neutral
- 02:58Weak bullish
- 03:06Bullish
- 03:10Neutral
- 03:14Bearish
- 05:26Bullish
- 06:34Neutral
- 06:38Bullish
- 06:54Weak bullish
- 06:58Neutral
- 07:02Bullish
- 07:35Neutral
- 07:39Bullish
- 08:23Bearish
- 08:39Weak bearish
- 09:03Weak bullish
- 09:11Bullish
- 09:23Bearish
- 09:31Bullish
- 09:35Neutral
- 10:07Bullish
- 10:51Neutral
- 11:07Bullish
- 11:11Weak bearish
- 11:19Neutral
- 11:31Bullish
- 11:39Weak bullish
- 11:47Bullish
- 11:51Neutral
- 12:07Weak bullish
- 12:15Bullish
- 12:19Weak bullish
- 12:27Bullish
- 12:47Bearish
- 13:08Neutral
- 13:12Bullish
- 13:48Weak bearish
- 13:52Neutral
- 14:04Bullish
- 14:24Neutral
- 14:32Weak bullish
- 14:44Bullish
- 15:05Weak bullish
- 15:13Neutral
- 15:33Bullish
- 15:37Weak bullish
- 15:49Bearish
- 15:57Neutral
- 16:01Bearish
- 16:22Bullish
- 16:26Weak bullish
- 16:34Bullish
- 16:42Weak bullish
- 16:50Bullish
- 17:14Neutral
- 17:38Bullish
- 18:14Neutral
- 18:50Bullish
- 19:14Bearish
- 19:22Weak bearish
- 19:38Neutral
- 19:46Bearish
- 19:50Bullish
- 20:19Bearish
- 20:23Neutral
- 20:27Bullish
- 21:03Weak bullish
- 21:07Neutral
- 21:39Bullish
- 21:51Neutral
- 22:07Bullish
- 22:11Weak bearish
- 22:15Neutral
- 22:19Bullish
- 22:23Neutral
- 22:31Bullish
- 22:47Weak bullish
- 22:51Neutral
- 23:24Bullish
Headlines (18)
First seen on July 29
- Oil Rises on Supply-Disruption Concerns Spurred by Iran’s Surprise Missile AttackThe Wall Street Journal
- Mooted WA oil refinery ‘dinosaur technology’ amid clean energy transition, experts sayThe Guardian
- How China Went From Dream Customer to a Nightmare for Big OilThe Wall Street Journal
- Oil prices rise after U.S. and Saudi Arabia attack Iran-backed militias in IraqMarketWatch
- Lower crude oil prices reduced U.S.-Canada energy trade value in 2025eia.gov
- Shipping Risks Rise Across Crucial Middle East Oil RoutesThe New York Times
- U.S. Crude Oil Stockpiles Fall More Than ExpectedThe Wall Street Journal
- US oil inventories fall to ‘precariously low’ level as Iran war disrupts supplyFinancial Times
- Is the world at risk of another energy shock?Al Jazeera
- Fuel prices soar on back of Iran war, leaving Yemeni labourers with no workAl Jazeera
- Why the USO oil ETF is a better buy than crude futures as the Iran war ragesMarketWatch
Carried over from earlier days
- Energy shock: why oil and gas prices have risen less than expectedEuropean Central Bank
- Forget oil. A surging El Niño could kill Fed rate cuts — and these stocks stand to win.MarketWatch
- The Iran War Just Put Another Key Oil Route at RiskThe New York Times
- U.S. Strategic Petroleum Reserve faces stress as emergency releases strain old infrastructureCNBC
- Fossil Fuel Executives Cash InThe New York Times
- Saudi Arabia has a new, and pricier, workaround to export its oilMarketWatch
- Houthis Claim Strike on Another Saudi Oil TankerThe New York Times
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, July 29 | ||
| Crude Oil Inventories | 0.7M | USD |
| BOC Summary of Deliberations | CAD | |
| Friday, July 31 | ||
| Manufacturing PMI | 50.1 | CNY |
| Non-Manufacturing PMI | 50.0 | CNY |
| GDP m/m | 0.2% | CAD |
| Monday, August 3 | ||
| RatingDog Manufacturing PMI | CNY | |
| Bank Holiday | CAD | |
| Tuesday, August 4 | ||
| Trade Balance | CAD | |