WTI bias flipped 77 times to bullish on July 30, 2026
Geopolitical tensions in the Middle East—including a planned Saudi offensive in Yemen and ongoing conflict involving Iran—are raising concerns about oil supply disruptions, as evidenced by Japan seeking alternative Canadian crude due to the Hormuz Strait pinch. Additionally, Shell's reported profit surge tied to higher oil prices underscores the market's sensitivity to these developments.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 77 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
- 00:00Bearish
- 00:32Bullish
- 00:44Bearish
- 00:52Bullish
- 01:04Bearish
- 01:08Bullish
- 01:29Neutral
- 02:23Weak bullish
- 02:27Neutral
- 02:31Bullish
- 02:43Neutral
- 03:03Bullish
- 03:19Neutral
- 04:08Weak bullish
- 04:16Neutral
- 04:24Bullish
- 04:31Weak bullish
- 04:35Bullish
- 04:41Bearish
- 04:53Bullish
- 05:07Weak bearish
- 05:11Bearish
- 05:58Bullish
- 06:02Weak bullish
- 06:39Neutral
- 06:47Weak bearish
- 06:59Bullish
- 07:11Neutral
- 07:15Bullish
- 07:31Neutral
- 07:35Bullish
- 08:03Bearish
- 08:35Neutral
- 08:51Bullish
- 09:16Bearish
- 09:20Bullish
- 09:32Weak bullish
- 10:04Bullish
- 10:20Neutral
- 10:24Bearish
- 10:44Bullish
- 10:48Bearish
- 11:36Bullish
- 11:52Neutral
- 12:08Bullish
- 12:20Neutral
- 12:32Bullish
- 13:24Neutral
- 13:52Bullish
- 14:04Neutral
- 14:21Bullish
- 14:29Weak bullish
- 14:37Neutral
- 14:51Bullish
- 15:15Weak bullish
- 15:19Neutral
- 15:39Bullish
- 15:47Weak bullish
- 16:35Bullish
- 16:51Neutral
- 17:03Bullish
- 17:39Weak bearish
- 17:47Bullish
- 17:55Bearish
- 17:59Weak bearish
- 18:07Bullish
- 18:48Weak bearish
- 18:52Neutral
- 19:00Bullish
- 19:32Neutral
- 20:10Bearish
- 20:59Bullish
- 21:07Neutral
- 22:31Bearish
- 23:03Bullish
- 23:43Neutral
- 23:55Bullish
Headlines (15)
First seen on July 30
- Japan turns to Canadian crude as Asia feels Hormuz supply pinchAl Jazeera
- Shell profits double as oil prices rise due to Iran warbbc.co.uk
- Shell reports highest profits since 2022Financial Times
- In the waters off Malaysia, Iranian oil sales continue despite blockadeAl Jazeera
- American Oil Majors Trying to Get Into Venezuela Have Hit a WallThe Wall Street Journal
- Diesel Back in Spotlight as Middle East Conflict EscalatesThe Wall Street Journal
- Saudi forces planning ‘major offensive against Houthis in central Yemen’The Guardian
Carried over from earlier days
- 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
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| 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 | |
| Manufacturing PMI | CAD | |
| Wednesday, August 5 | ||
| RatingDog Services PMI | CNY | |