WTI bias flipped 26 times to bullish on August 8, 2026
WTI crude is being driven by conflicting signals from the Strait of Hormuz. Headlines report ongoing disruptions, including an Iranian attack on a U.A.E. ship and the strait potentially staying closed for up to a year, which support supply concerns. However, other reports suggest traders are pricing in a possible breakthrough, leading to price swings as the situation evolves.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 26 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
- 00:08Bullish
- 00:12Neutral
- 02:04Weak bearish
- 03:28Bullish
- 04:24Neutral
- 07:28Bullish
- 08:32Weak bullish
- 11:41Bearish
- 11:53Bullish
- 12:09Neutral
- 12:49Bearish
- 13:13Weak bullish
- 13:17Bullish
- 14:09Bearish
- 14:25Bullish
- 14:53Neutral
- 15:05Bullish
- 15:17Neutral
- 15:49Weak bearish
- 16:09Weak bullish
- 16:42Bullish
- 17:34Bearish
- 19:06Bullish
- 19:14Bearish
- 19:22Neutral
- 19:46Bullish
Headlines (13)
First seen on August 8
- U.A.E. Says Iran Attacked One of Its Ships in HormuzThe Wall Street Journal
- Iran Says Hormuz Stays Closed Until U.S. Meets Six Sweeping DemandsOilPrice.com
- Airlines Scramble for Jet Fuel as Hormuz Disruption Drags OnOilPrice.com
- Strait of Hormuz may remain closed to shipping for up to one year — Iraqi expertTASS
Carried over from earlier days
- Will the US-Iran war and Hormuz deadlock last for months?Al Jazeera
- Oil prices have climbed back above a key technical level — live coverageMarketWatch
- Oil prices jump after Iran publishes restrictive draft plan for Strait of HormuzCNBC
- Oil extends sharp gains as Iran seeks to ban U.S., Israeli ships from HormuzInvesting.com
- Oil Prices Tumble as Traders Price In a Strait of Hormuz BreakthroughOilPrice.com
- Oil shouts, payrolls whispers - Options Brief - 7 August 2026home.saxo
- The Straits Are Not OKforeignpolicy.com
- ADNOC Says Three Vessels Attacked This Week as Hormuz Shipping Remains Severely Disruptedgcaptain.com
- Saudi Bab al-Mandeb Flows Sink, Hormuz Goes Darkenergyintel.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, August 9 | ||
| PPI y/y | 3.9% | CNY |
| CPI y/y | 0.8% | CNY |
| OPEC-JMMC Meetings | All | |
| Wednesday, August 12 | ||
| Building Permits m/m | 1.0% | CAD |
| Crude Oil Inventories | USD | |
| Thursday, August 13 | ||
| New Loans | 350B | CNY |
| M2 Money Supply y/y | 7.9% | CNY |
| Foreign Direct Investment ytd/y | CNY | |