WTI bias flipped 9 times to neutral on August 28, 2026
WTI crude is being supported by renewed geopolitical risk in the Middle East, as Trump rules out reviving Iran ceasefire terms and a tanker is hit in the Strait of Hormuz. The 95% drop in Hormuz traffic and the US blockade underscore supply disruption concerns, with crude settling at $83.53 as Iran deal hopes fade.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 9 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
- 00:00Bearish
- 00:15Weak bearish
- 01:03Neutral
- 16:43Weak bullish
- 17:00Neutral
- 17:52Bullish
- 18:41Bearish
- 18:59Neutral
- 20:44Weak bearish
- 21:00Neutral
Headlines (15)
First seen on August 28
- Trump says Iran is 'in deep trouble' as US maintains blockade of Strait of Hormuzjpost.com
- After 6 months of war, Iran's battered regime remains entrenchednpr.org
Carried over from earlier days
- Middle East live: Iran says Hormuz strait still closed despite transit corridor talks with Omanfrance24.com
- U.S. Crude Stocks Barely Budge as Gasoline Inventories FallOilPrice.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
- 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
- Brent, WTI Crude Prices, Aug. 27, 2026energyintel.com
- Crude oil oil futures settles at $83.53InvestingLive
- 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
- Iran sets conditions for reopening Strait of Hormuz, top security official Rezaei saysInvesting.com
- Oil Rises as Iran Deal Hopes Faderigzone.com
- Mideast War: Crude, Products and Gas Price Impacts, Aug. 27, 2026energyintel.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, August 28 | ||
| GDP m/m | 0.2% | CAD |
| Monday, August 31 | ||
| Non-Manufacturing PMI | 49.5 | CNY |
| Manufacturing PMI | 49.5 | CNY |
| Tuesday, September 1 | ||
| RatingDog Manufacturing PMI | 51.5 | CNY |
| Manufacturing PMI | CAD | |
| Wednesday, September 2 | ||
| BOC Rate Statement | CAD | |
| Overnight Rate | 2.25% | CAD |
| BOC Press Conference | CAD | |