WTI bias flipped 43 times to neutral on August 13, 2026
The IEA projects a deepening global oil supply shortfall this quarter and into 2026, with the Strait of Hormuz closure and a potential indefinite US naval blockade on Iranian ports adding to supply risks. At the same time, OPEC and the IEA have slashed their 2026 demand outlooks, while diesel cracks point to a squeeze in refined products. These supply-side concerns and demand downgrades are key factors moving WTI.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 43 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
- 01:25Weak bearish
- 02:05Neutral
- 02:29Weak bullish
- 02:49Weak bearish
- 02:53Neutral
- 03:17Bearish
- 04:26Neutral
- 05:26Bearish
- 05:34Neutral
- 06:22Bullish
- 06:26Weak bearish
- 06:38Weak bullish
- 06:46Bearish
- 07:02Weak bullish
- 07:34Neutral
- 07:39Weak bullish
- 07:51Neutral
- 08:11Bullish
- 08:40Weak bullish
- 08:48Neutral
- 10:36Bullish
- 10:40Bearish
- 10:45Bullish
- 11:01Neutral
- 11:45Weak bullish
- 11:53Bullish
- 11:57Weak bullish
- 12:37Weak bearish
- 13:09Neutral
- 14:30Bullish
- 14:42Neutral
- 15:06Weak bearish
- 15:18Bullish
- 15:22Neutral
- 15:38Bullish
- 16:02Weak bearish
- 16:14Neutral
- 16:26Bullish
- 16:42Neutral
- 19:03Weak bullish
- 19:35Neutral
- 23:48Weak bullish
- 23:56Neutral
Headlines (14)
First seen on August 13
- Oil Prices Fall as OPEC and IEA Slash 2026 Demand OutlooksOilPrice.com
- CNBC Daily Open: Middle East tensions send oil higher while Iran-U.S. tensions escalateCNBC
- Global 2026 oil supply shortfall to deepen as Hormuz reopening remains elusive, IEA saysMining Weekly
- US-Iran talks in deadlock – what’s the latest?Al Jazeera
- US can keep naval blockade on Iranian ports "indefinitely," Pentagon chief saysInvesting.com
- Jefferies: Diesel Cracks Reveal the Real Oil Market SqueezeOilPrice.com
Carried over from earlier days
- WTI Oil hits fresh highs at $83.50 as Hormuz reopening hopes vanishFXStreet
- Iran war live: US fires missiles at cargo ship violating Iran blockadeAl Jazeera
- Strait of Hormuz traffic falls to new low as Iran-backed group kills 6 in Red Seacbsnews.com
- 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
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, August 13 | ||
| Foreign Direct Investment ytd/y | CNY | |
| M2 Money Supply y/y | 7.9% | CNY |
| New Loans | -50B | CNY |
| Friday, August 14 | ||
| Wholesale Sales m/m | 2.7% | CAD |
| Manufacturing Sales m/m | -0.1% | CAD |
| Foreign Direct Investment ytd/y | CNY | |
| M2 Money Supply y/y | 7.9% | CNY |
| New Loans | -50B | CNY |