WTI bias flipped 52 times to bullish on August 31, 2026
Escalating military exchanges between the US and Iran, including missile strikes and threats of further action, have pushed oil prices higher, with WTI trading above $83.50. The market is reacting to the renewed conflict in the Middle East, which raises supply concerns, though some analysts note that broader risk sentiment is not fully shifting to risk-off. These geopolitical developments are the primary driver for the latest moves in crude oil futures.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 52 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
- 00:04Bearish
- 00:20Bullish
- 00:36Weak bearish
- 00:52Neutral
- 01:08Bullish
- 01:24Neutral
- 01:40Weak bullish
- 01:56Weak bearish
- 02:12Bullish
- 02:29Neutral
- 02:45Bullish
- 03:02Weak bearish
- 03:22Neutral
- 03:37Bullish
- 03:56Neutral
- 04:32Bullish
- 04:48Neutral
- 05:29Bullish
- 05:45Neutral
- 06:02Bullish
- 08:54Neutral
- 09:45Bullish
- 11:06Weak bullish
- 11:22Bullish
- 12:11Weak bearish
- 12:28Weak bullish
- 12:44Bullish
- 13:00Weak bullish
- 13:17Weak bearish
- 13:33Weak bullish
- 13:49Bullish
- 14:05Bearish
- 14:22Bullish
- 14:38Weak bearish
- 15:11Neutral
- 15:31Bullish
- 16:03Weak bullish
- 16:19Neutral
- 17:20Bullish
- 17:36Weak bearish
- 18:08Neutral
- 19:00Bearish
- 19:16Weak bearish
- 19:32Weak bullish
- 19:56Bullish
- 20:11Bearish
- 20:27Bullish
- 21:13Neutral
- 22:13Weak bullish
- 22:33Neutral
- 23:09Weak bullish
- 23:59Bullish
Headlines (18)
First seen on August 31
- The Commodities Feed: Oil rallies on fresh Persian Gulf strikesING Think
- Oil Prices Surge as U.S. and Iran Exchange StrikesOilPrice.com
- WTI remains above $83.50 as Iran fires missiles following US strikesFXStreet
- IRGC claims that a supertanker has caught fire after being struck by naval mines in Strait of HormuzInvestingLive
- Price of futures contracts of Brent oil up 2.9% amid Middle East escalationTASS
- U.S. and Iran trade strikes for the first time in a monthcbsnews.com
- Oil Price Surges Above $90 as US-Iran Conflict Returns, but Markets Resist Full Risk-Off MoveActionForex
- Crude Oil prices the mines, not the barrelsFXStreet
- Trump promises more strikes after US and Iran trade blows for first time in a monthpolitico.com
- Trump threatens to ‘hit Iran hard’ as strikes resume after month-long lullfrance24.com
Carried over from earlier days
- Mapping the Iran war’s strikes on Gulf energy – and what comes next for oilAl Jazeera
- US struck two Iranian launchers spotted preparing to fire at Strait of Hormuz, source tells 'Post'jpost.com
- US strikes Iran’s Lark Island in first attack in weeksAl Jazeera
- US launches first strike on Iran in weeks as it hits rocket launchersFinancial Times
- What the Hormuz crisis has cost fossil fuel importers — March to August 2026Hellenic Shipping News
- Oil - Escalation news: Iran fires missiles from four provinces after Larak Island strikeInvestingLive
- Oil prices have jumped higher after US attacked Iran and Iran retailiatedInvestingLive
- Middle East Live: US strikes Iran for first time in a monthfrance24.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, August 31 | ||
| Non-Manufacturing PMI | 49.5 | CNY |
| Manufacturing PMI | 49.5 | CNY |
| Tuesday, September 1 | ||
| RatingDog Manufacturing PMI | 51.0 | CNY |
| Manufacturing PMI | CAD | |
| Wednesday, September 2 | ||
| BOC Rate Statement | CAD | |
| Overnight Rate | 2.25% | CAD |
| Crude Oil Inventories | USD | |
| BOC Press Conference | CAD | |