WTI bias flipped 57 times to bearish on August 5, 2026
Oil prices are slipping on reports that talks may lead to a reopening of the Strait of Hormuz, easing concerns over supply disruptions. However, the situation remains volatile, with Houthi attacks on tankers and significant drops in Russian crude loadings adding to the uncertainty.
Updated
The reading that day
BearishAt the close of the UTC day.
BearishNeutralBullish
It changed 57 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
- 00:15Bearish
- 01:15Neutral
- 01:35Bearish
- 01:47Neutral
- 03:03Weak bullish
- 03:15Bearish
- 03:27Neutral
- 05:04Bearish
- 05:08Bullish
- 05:12Neutral
- 05:40Bearish
- 06:04Bullish
- 06:32Neutral
- 06:57Weak bullish
- 07:13Bullish
- 07:29Neutral
- 07:45Bullish
- 08:34Bearish
- 08:50Neutral
- 09:10Bearish
- 09:54Bullish
- 10:02Neutral
- 10:06Bullish
- 10:10Weak bearish
- 10:26Neutral
- 11:22Weak bullish
- 11:26Bullish
- 12:14Bearish
- 12:59Neutral
- 13:07Bearish
- 13:11Weak bullish
- 13:23Bullish
- 13:27Bearish
- 13:35Weak bearish
- 13:39Bullish
- 14:03Neutral
- 14:07Bearish
- 14:19Bullish
- 14:31Neutral
- 14:39Bearish
- 15:07Neutral
- 15:15Bullish
- 15:39Bearish
- 16:35Bullish
- 16:43Bearish
- 16:59Bullish
- 17:03Weak bullish
- 17:07Neutral
- 17:15Bearish
- 18:56Neutral
- 19:04Bullish
- 20:52Neutral
- 21:04Bullish
- 21:16Bearish
- 21:20Neutral
- 23:12Bullish
- 23:48Bearish
Headlines (14)
First seen on August 5
- Abu Dhabi’s Adnoc Distribution Profit Nearly Doubles on Fuel Demand, Inventory GainsThe Wall Street Journal
- Oil prices move higher after Yemen's Iran-backed Houthis claim Saudi tanker strikeCNBC
- Dirty tanker loadings drop 62% from Russian ports in the Black Sea and Sea of AzovHellenic Shipping News
- Oil Extends Losses on Hormuz Talksrigzone.com
Carried over from earlier days
- Oil Falls Amid Prospects for Reopening of Strait of HormuzThe 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
- Iran demands inbound control of Hormuz and outbound oversight, source saysboereport.com
- 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
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, August 5 | ||
| RatingDog Services PMI | 53.7 | CNY |
| Crude Oil Inventories | -1.5M | USD |
| Friday, August 7 | ||
| Trade Balance | 735B | CNY |
| USD-Denominated Trade Balance | 108.6B | CNY |
| Unemployment Rate | 6.5% | CAD |
| Employment Change | 17.8K | CAD |
| Ivey PMI | 55.4 | CAD |
| Annual Budget Release | CAD | |