WTI bias flipped 90 times to neutral on August 12, 2026
WTI Crude is being supported by heightened geopolitical tensions in the Middle East, with Strait of Hormuz ship traffic falling to multi-month lows amid ongoing U.S.-Iran confrontations. The IEA has warned of a global oil deficit of 1.8 million barrels per day this quarter, citing disruptions that are draining inventories. These supply concerns have helped push WTI to fresh highs near $83.50.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 90 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
- 00:00Weak bearish
- 00:14Bullish
- 00:30Weak bullish
- 00:34Neutral
- 01:17Bullish
- 01:37Weak bullish
- 01:45Bullish
- 02:29Weak bearish
- 02:37Bearish
- 02:41Bullish
- 02:45Weak bullish
- 03:34Bullish
- 04:14Weak bearish
- 04:18Bearish
- 04:51Bullish
- 05:07Neutral
- 05:15Bullish
- 05:19Bearish
- 05:23Bullish
- 05:39Neutral
- 05:47Bullish
- 06:19Bearish
- 06:51Bullish
- 07:19Neutral
- 07:31Bullish
- 08:15Neutral
- 08:35Bullish
- 08:43Bearish
- 08:47Weak bullish
- 08:55Neutral
- 09:15Weak bearish
- 09:27Bullish
- 09:43Neutral
- 10:04Bullish
- 10:08Neutral
- 10:28Weak bullish
- 10:32Bearish
- 10:36Neutral
- 11:04Bearish
- 11:20Neutral
- 11:24Weak bearish
- 11:28Bearish
- 11:36Bullish
- 11:40Bearish
- 11:44Neutral
- 11:48Bullish
- 12:24Bearish
- 12:28Bullish
- 12:34Neutral
- 12:38Bearish
- 12:54Bullish
- 12:58Bearish
- 13:06Neutral
- 13:18Bearish
- 13:22Bullish
- 13:42Neutral
- 13:54Weak bullish
- 14:02Bullish
- 14:10Neutral
- 14:14Bullish
- 14:18Bearish
- 14:26Weak bearish
- 14:30Bullish
- 14:42Bearish
- 14:46Weak bearish
- 14:50Neutral
- 15:07Weak bullish
- 15:11Neutral
- 15:15Bullish
- 15:19Neutral
- 15:32Bearish
- 15:36Neutral
- 15:58Bullish
- 16:15Bearish
- 16:20Neutral
- 16:40Bearish
- 16:44Bullish
- 16:48Neutral
- 17:11Bullish
- 17:23Neutral
- 18:34Bullish
- 18:50Bearish
- 18:58Neutral
- 19:05Bearish
- 19:18Bullish
- 19:38Neutral
- 20:46Bearish
- 20:58Bullish
- 21:30Neutral
- 22:06Bullish
- 22:22Neutral
Headlines (17)
First seen on August 12
- Iran war live: US fires missiles at cargo ship violating Iran blockadeAl Jazeera
- Cargo ship in flames after Houthi attack in Bab al-Mandeb straitAl Jazeera
- Iran holds firm on Hormuz conditions as Pakistan’s Naqvi visits TehranAl Jazeera
- Strait of Hormuz traffic falls to new low as Iran-backed group kills 6 in Red Seacbsnews.com
- War Is Squeezing Another Global Chokepoint: The Black SeaThe Wall Street Journal
- Iran remains defiant as it vows to fight US until demands metAl Jazeera
- IEA: Global Oil Deficit To Hit 1.8 Million Bpd This QuarterOilPrice.com
- Strait of Hormuz ship traffic near three-month low as U.S.-Iran deal in doubtCNBC
- IEA Warns Oil Market Risks Mount as Hormuz Disruptions Drain Inventoriesgcaptain.com
- Due to the Iran war, Iraq is running out of moneydw.com
Carried over from earlier days
- 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
- Iran installs new war chiefs as Tehran signals ‘prolonged confrontation,’ expert warnsfoxnews.com
- 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
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 | |