WTI bias flipped 36 times to bearish on August 27, 2026
WTI crude is being driven by conflicting signals around the Strait of Hormuz, where rising flows and diplomatic talks compete with warnings of high risk and Iran's assertion that the strait remains closed. Meanwhile, the Russia-Ukraine war continues to underpin prices, and the latest US inventory data showed gasoline draws while crude stocks were nearly unchanged. This mix of geopolitical uncertainty and supply-side factors is keeping the market volatile.
Updated
The reading that day
BearishAt the close of the UTC day.
BearishNeutralBullish
It changed 36 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
- 00:00Bearish
- 00:33Neutral
- 01:37Bearish
- 02:09Neutral
- 04:42Bullish
- 05:18Neutral
- 07:04Weak bearish
- 07:20Neutral
- 08:04Bullish
- 08:49Neutral
- 09:06Bullish
- 09:22Weak bearish
- 09:50Neutral
- 10:06Bullish
- 10:42Weak bearish
- 10:58Bullish
- 11:26Bearish
- 11:58Neutral
- 12:26Weak bearish
- 12:45Neutral
- 13:36Weak bullish
- 14:16Neutral
- 14:52Bearish
- 15:08Weak bearish
- 15:25Neutral
- 15:49Weak bearish
- 16:17Neutral
- 17:58Bullish
- 18:14Neutral
- 18:46Weak bullish
- 19:26Neutral
- 19:58Bearish
- 20:14Neutral
- 21:02Bullish
- 21:23Neutral
- 23:51Bearish
Headlines (16)
First seen on August 27
- Tanker struck by projectile in Strait of Hormuz — UKMTOTASS
- Tanker attack tests Trump’s claim that Hormuz is a 'functioning strait'CNBC
- Oil Prices Fall as Qatar Pushes New Hormuz TalksOilPrice.com
- How a 95 percent drop in Hormuz traffic changed global shippingAl Jazeera
- Tanker Hit in Strait of Hormuz as Trump Declares ‘Mission Accomplished’ in Irangcaptain.com
- Hormuz Oil Flows Rising as Gulf Giants’ Ramp Up Acceleratesgcaptain.com
- Oil catch up post: Snaps losing streak as Trump rules out reviving Iran ceasefire termsInvestingLive
Carried over from earlier days
- Iranians queue for petrol as US blockade bitesFinancial Times
- Houthi strikes threaten to pull Yemen back into full-scale wardw.com
- U.S. Refiners Face New Crude Squeeze as Canada Cuts Oil Sands OutputOilPrice.com
- Middle East live: Iran says Hormuz strait still closed despite transit corridor talks with Omanfrance24.com
- Almost half of global oil flows from war zonesHellenic Shipping News
- U.S. Crude Stocks Barely Budge as Gasoline Inventories FallOilPrice.com
- Oil prices slide amid hopes for progress in Mideast diplomacyoilandgas360.com
- Why Hormuz remains high risk for ships despite US claims of mine-clearingAl Jazeera
- Oil catch up: Russia-Ukraine war keeps a floor under oil despite Hormuz optimismInvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, August 27 | ||
| Current Account | 3.5B | 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 | |
| Manufacturing PMI | CAD | |
| Wednesday, September 2 | ||
| BOC Rate Statement | CAD | |