WTI bias flipped 56 times to neutral on August 4, 2026
WTI crude is being driven higher by escalating Middle East tensions, including a Strait of Hormuz disruption and the Iran war, which are threatening supply routes. Oil majors like BP are posting surging profits as prices spike, while US diesel prices have risen above recent averages, reflecting broader energy market strain.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 56 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
- 00:04Bullish
- 00:16Bearish
- 01:20Bullish
- 01:24Bearish
- 01:28Bullish
- 03:19Neutral
- 04:56Bullish
- 05:32Neutral
- 06:24Bullish
- 06:32Weak bullish
- 06:48Neutral
- 07:00Bullish
- 07:33Bearish
- 08:21Neutral
- 08:41Bullish
- 09:01Bearish
- 09:37Neutral
- 09:57Bearish
- 10:33Weak bearish
- 10:50Bullish
- 11:14Bearish
- 11:18Bullish
- 11:30Bearish
- 11:38Neutral
- 11:46Bearish
- 12:26Neutral
- 12:42Bullish
- 12:54Bearish
- 14:02Bullish
- 14:10Neutral
- 14:42Bearish
- 14:58Bullish
- 15:02Bearish
- 15:19Bullish
- 15:23Neutral
- 15:27Weak bullish
- 15:39Bearish
- 16:15Bullish
- 16:19Bearish
- 16:31Neutral
- 17:03Bearish
- 17:41Neutral
- 18:14Bullish
- 18:18Bearish
- 18:30Neutral
- 18:54Bullish
- 19:02Neutral
- 19:54Bullish
- 20:06Bearish
- 20:42Neutral
- 21:02Bearish
- 21:18Neutral
- 21:34Bearish
- 22:10Neutral
- 22:34Bearish
- 23:39Neutral
Headlines (18)
First seen on August 4
- Saudi Aramco profits soar in second quarter as Iran war squeezes oilCNBC
- BP’s Profits Surge as Oil Traders Capitalize on Middle East VolatilityThe Wall Street Journal
- Oil profits spike as Middle East war fuels energy prices and Trump blasts soaring earnings – business liveThe Guardian
- BP profits more than double as Iran war sends oil prices soaringThe Guardian
- North Sea oil is a litmus test for Burnham | LettersThe Guardian
- Revealed: major oil firms make $93bn profits amid war and climate crisisThe Guardian
- US diesel prices overtake Biden-era average in blow to TrumpFinancial Times
- Oil spill from grounded tanker off Oman expands sharply, satellite images showABC News
- Strait of Hormuz disruption hits energy, fertilizer and industrial tradeUN News
- US stock market hits record highs as AI profits pile and oil prices easeThe Guardian
Carried over from earlier days
- Investors scored on Iran war's oil market boom. Staying long the trade will get trickierCNBC
- Rubio’s bypass plan: Can the world escape the Strait of Hormuz chokepoint?Al Jazeera
- CNBC Daily Open: Markets exhale as Trump steps back, OPEC+ steps upCNBC
- Trump slams Chevron CEO, demands immediate reduction in US fuel pricesAl Jazeera
- California's diesel prices have jumped since the Iran war started, with ripple effects across the countryCNBC
- Trump says Exxon and Chevron made 'too much money' off high oil prices during Iran conflict: 'I don't like it'CNBC
- Diamondback Energy Lifts Production Guidance, Reports Surging Profit on High Oil PricesThe Wall Street Journal
- Petrol prices strain US households as oil giants Chevron, Exxon profits soarAl Jazeera
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, August 4 | ||
| Trade Balance | 3.0B | CAD |
| Manufacturing PMI | 52.2 | CAD |
| Wednesday, August 5 | ||
| RatingDog Services PMI | 53.7 | CNY |
| Crude Oil Inventories | -1.5M | USD |
| Friday, August 7 | ||
| Unemployment Rate | 6.5% | CAD |
| Employment Change | 17.8K | CAD |
| Ivey PMI | 55.4 | CAD |
| USD-Denominated Trade Balance | 108.6B | CNY |