WTI bias flipped 2 times to weak bullish on August 22, 2026
WTI crude prices are being driven by escalating Middle East tensions, particularly the collapse of the Iran deal and restricted shipping through the Strait of Hormuz. The U.S. preparing new economic measures against Iran, along with Iran's threats to attack other oil export routes, are heightening supply disruption fears. These factors have contributed to oil prices rising toward $94 and nearing $100, with a second straight weekly gain expected.
Updated
The reading that day
Weak bullishAt the close of the UTC day.
BearishNeutralBullish
It changed 2 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
- 20:25Weak bearish
- 21:13Weak bullish
Headlines (12)
First seen on August 22
Carried over from earlier days
- investingLive European markets wrap: Dollar, yields recover some poise; Walmart shares slide after earningsInvestingLive
- Brent Breaks $94, Global Yields Push Higher — but Dollar Refuses to FollowActionForex
- US Will Impose ‘Toughest Sanctions in History’ on Iran, Bessent Saysgcaptain.com
- TSX edges lower as oil prices creep higher, U.S. stocks also negativeboereport.com
- Middle East live: Hormuz shipping traffic falls as Iran-US talks stallfrance24.com
- IEA chief compares situation surrounding Strait of Hormuz to broken vaseTASS
- Oil prices on track for second straight weekly rise amid Mideast tensionsHellenic Shipping News
- Oil prices rise toward $94 as U.S. prepares new Iran economic measuresworldoil.com
- Oil Bulls Take Control as Iran Deal Collapses and Hormuz Stays RestrictedOilPrice.com
- India Builds Clean Power Faster Than It Can Use ItOilPrice.com
- Oil Nears $100 as Trump’s ‘Economic D-Day’ Raises the StakesOilPrice.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, August 24 | ||
| Corporate Profits q/q | CAD | |
| Wednesday, August 26 | ||
| Crude Oil Inventories | USD | |
| Thursday, August 27 | ||
| Current Account | 5.6B | CAD |
| CB Leading Index m/m | CNY | |
| Friday, August 28 | ||
| GDP m/m | 0.2% | CAD |
| Monday, August 31 | ||
| Non-Manufacturing PMI | CNY | |
| Manufacturing PMI | CNY | |
| Tuesday, September 1 | ||
| RatingDog Manufacturing PMI | CNY | |