WTI bias flipped 75 times to weak bearish on August 11, 2026
WTI crude prices have been driven by heightened Middle East tensions, particularly the ongoing U.S. blockade of the Strait of Hormuz and the lack of progress in talks, which has raised supply concerns. Crude hit fresh highs near $83.50 as hopes for a quick reopening faded, but later pulled back from the day's peak as investors sought clarity on the situation. The deadlock over Hormuz and broader geopolitical instability remain the key factors supporting oil prices.
Updated
The reading that day
Weak bearishAt the close of the UTC day.
BearishNeutralBullish
It changed 75 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
- 00:06Bullish
- 00:34Neutral
- 01:02Bullish
- 01:58Neutral
- 02:10Bullish
- 02:42Neutral
- 03:10Bullish
- 05:07Neutral
- 05:55Bullish
- 06:31Bearish
- 06:39Bullish
- 06:51Weak bullish
- 07:11Neutral
- 07:19Bullish
- 07:23Bearish
- 07:47Bullish
- 08:07Neutral
- 08:15Bullish
- 08:35Neutral
- 08:59Bullish
- 10:00Neutral
- 10:28Bearish
- 10:32Neutral
- 11:08Weak bullish
- 11:12Bearish
- 11:16Bullish
- 11:20Neutral
- 11:28Bullish
- 11:44Bearish
- 12:04Neutral
- 12:12Bullish
- 12:20Weak bullish
- 12:28Bullish
- 12:56Neutral
- 13:08Bullish
- 13:16Bearish
- 13:20Neutral
- 13:32Bullish
- 13:44Bearish
- 14:01Bullish
- 14:25Neutral
- 15:01Bullish
- 15:13Neutral
- 15:36Bullish
- 15:48Bearish
- 16:09Neutral
- 16:13Bearish
- 16:25Bullish
- 16:37Neutral
- 17:01Bullish
- 17:33Weak bullish
- 18:05Bullish
- 18:17Weak bullish
- 18:41Bullish
- 18:58Bearish
- 19:22Bullish
- 19:38Weak bullish
- 20:06Bullish
- 20:10Neutral
- 20:18Bullish
- 20:34Neutral
- 20:38Bullish
- 20:50Bearish
- 20:54Bullish
- 20:58Bearish
- 21:10Bullish
- 21:18Neutral
- 21:34Bullish
- 21:42Neutral
- 22:03Bullish
- 22:11Neutral
- 22:31Bullish
- 22:43Neutral
- 23:33Weak bullish
- 23:54Weak bearish
Headlines (11)
First seen on August 11
- Hormuz Deadlock: Where oil prices could head next as prospects for an imminent deal fadeCNBC
- U.S. Futures Mostly Lower, Oil Price Rises on Middle East TensionThe Wall Street Journal
- WTI Oil hits fresh highs at $83.50 as Hormuz reopening hopes vanishFXStreet
Carried over from earlier days
- Middle East crisis live: Hormuz will stay closed until US ‘accepts all our conditions’, say Iran’s Revolutionary GuardsThe Guardian
- Oil Prices Climb and Stocks Dip on Stalemate in Iran WarThe New York Times
- U.S. reaffirms grip on Hormuz blockade, turning away 55 ships as talks stallCNBC
- Middle East live: Houthis launch deadly strike on port city of Mocha in Yemenfrance24.com
- WTI comes off from day’s high as investors seeks clarity on Hormuz reopeningFXStreet
- U.S. Stocks Fall as Hopes for Strait of Hormuz Reopening Are Dashed AgainThe Wall Street Journal
- US Treasury yields climb as Oil spike revives CPI jittersFXStreet
- Iran installs new war chiefs as Tehran signals ‘prolonged confrontation,’ expert warnsfoxnews.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, August 12 | ||
| Building Permits m/m | 0.8% | CAD |
| Crude Oil Inventories | -1.7M | USD |
| Thursday, August 13 | ||
| Foreign Direct Investment ytd/y | CNY | |
| New Loans | -50B | CNY |
| M2 Money Supply y/y | 7.9% | CNY |
| Friday, August 14 | ||
| Wholesale Sales m/m | 2.7% | CAD |
| Manufacturing Sales m/m | -0.1% | CAD |
| Monday, August 17 | ||
| New Home Prices m/m | CNY | |