WTI bias flipped 66 times to neutral on August 6, 2026
WTI crude is being driven by geopolitical tensions around the Strait of Hormuz, as Iran's restrictive draft plan and Houthi missile claims have raised supply disruption risks, while shipping disruptions and tightening distillate exports add to supply concerns. However, losses were seen on Hormuz talks, indicating price sensitivity to diplomatic developments. The market remains focused on the potential for prolonged conflict in the region.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 66 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
- 00:00Bearish
- 00:04Bullish
- 00:24Bearish
- 00:32Bullish
- 01:16Bearish
- 01:24Bullish
- 01:28Neutral
- 02:00Bearish
- 03:01Neutral
- 03:25Bearish
- 04:23Neutral
- 05:15Bearish
- 05:55Bullish
- 06:48Bearish
- 06:56Neutral
- 07:04Bullish
- 07:28Bearish
- 07:32Bullish
- 07:36Weak bullish
- 08:00Neutral
- 08:08Bearish
- 08:24Neutral
- 08:36Bearish
- 09:12Bullish
- 09:16Bearish
- 09:32Bullish
- 09:48Neutral
- 10:04Bearish
- 11:33Neutral
- 12:17Bullish
- 12:21Neutral
- 12:25Bearish
- 13:21Neutral
- 13:25Bullish
- 13:45Bearish
- 14:05Neutral
- 14:09Weak bullish
- 14:25Bullish
- 14:37Bearish
- 14:45Neutral
- 15:13Bullish
- 15:25Bearish
- 15:46Weak bearish
- 15:58Bullish
- 16:06Bearish
- 16:14Bullish
- 16:18Weak bullish
- 16:22Neutral
- 16:26Weak bearish
- 16:42Neutral
- 17:06Bullish
- 17:18Neutral
- 17:26Bearish
- 17:58Neutral
- 18:34Bearish
- 18:42Bullish
- 19:22Neutral
- 19:58Bullish
- 20:02Weak bearish
- 20:26Bearish
- 20:30Bullish
- 21:02Bearish
- 21:06Neutral
- 21:23Weak bullish
- 21:27Neutral
- 22:03Bullish
- 23:27Neutral
Headlines (15)
First seen on August 6
- Oil: Distillate exports tighten market – INGFXStreet
- Will the US-Iran war and Hormuz deadlock last for months?Al Jazeera
- Gulf Shipping Grinds to a Halt Following Houthi Missile ClaimOilPrice.com
- Oil prices have climbed back above a key technical level — live coverageMarketWatch
- Oman-Iran plan blocks US, Israeli ships as Hormuz risks riseFXStreet
- Oil prices jump after Iran publishes restrictive draft plan for Strait of HormuzCNBC
- Strait of Hormuz — a Renewed Blockade Impairs Dry-Bulk CrossingsHellenic Shipping News
Carried over from earlier days
- Iran demands inbound control of Hormuz and outbound oversight, source saysboereport.com
- Revealed: major oil firms make $93bn profits amid war and climate crisisThe Guardian
- 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
- 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
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, August 7 | ||
| Unemployment Rate | 6.5% | CAD |
| Employment Change | 17.8K | CAD |
| Ivey PMI | 55.4 | CAD |
| Trade Balance | 735B | CNY |
| USD-Denominated Trade Balance | 108.6B | CNY |
| Annual Budget Release | CAD | |
| Sunday, August 9 | ||
| PPI y/y | 3.9% | CNY |
| CPI y/y | 0.8% | CNY |