WTI bias flipped 5 times to bullish on August 19, 2026
WTI crude extended gains for a fourth day as geopolitical tensions in the Strait of Hormuz persist, with fighting ongoing, a reported Iranian tanker seizure, and the end of the US-Iran ceasefire. The strait's continued closure and US diesel inventories near 23-year lows heighten supply concerns, while rising inflation fears and borrowing costs add to market unease.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 5 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
- 00:00Bullish
- 00:24Weak bullish
- 00:41Neutral
- 01:34Bullish
- 01:58Neutral
- 03:09Bullish
Headlines (10)
First seen on August 19
Carried over from earlier days
- Iran Threatens to Go On Offensive in Strait of Hormuz if Diplomacy With US Failsgcaptain.com
- US stock markets grind lower as oil prices climb following report Iran seized a tankerInvestingLive
- Oil prices rise as US-Iran ceasefire ends; UK wage growth slows amid cost of living squeeze – business liveThe Guardian
- Strait of Hormuz to remain closed until US fulfills memorandum terms — parliament speakerTASS
- Oil Supertanker Earnings on Mideast Route Near $510,000 a Daygcaptain.com
- Iran Halts UAE-Linked Tanker in Hormuz, Attacks Cargo Shipenergyintel.com
- Borrowing costs hit fresh highs on inflation fearsbbc.co.uk
- Iran prepares to keep economy alive as US threatens further sanctionsAl Jazeera
- U.S. Diesel Reserves Sit Near 23-Year LowsOilPrice.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, August 19 | ||
| Crude Oil Inventories | 0.2M | USD |
| Thursday, August 20 | ||
| 1-y Loan Prime Rate | 3.00% | CNY |
| 5-y Loan Prime Rate | 3.50% | CNY |
| NHPI m/m | 0.0% | CAD |
| IPPI m/m | -0.4% | CAD |
| RMPI m/m | -1.8% | CAD |
| Friday, August 21 | ||
| Core Retail Sales m/m | 0.2% | CAD |
| Retail Sales m/m | 0.4% | CAD |