WTI bias flipped 41 times to weak bearish on September 3, 2026
WTI crude is being driven higher by escalating U.S.-Iran tensions in the Middle East, particularly around the Strait of Hormuz, where shipping has slumped due to strikes and restrictions. Headlines report WTI trading at fresh highs near $95, up for a fourth straight day, as the risk of all-out war grows and diesel prices approach war peaks. The disruptions are also impacting Saudi oil exports, adding to supply concerns.
Updated
The reading that day
Weak bearishAt the close of the UTC day.
BearishNeutralBullish
It changed 41 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
- 00:04Bullish
- 00:24Weak bearish
- 00:40Bullish
- 01:05Neutral
- 01:25Bullish
- 01:40Neutral
- 02:25Weak bearish
- 02:40Bullish
- 03:26Neutral
- 03:56Weak bearish
- 04:41Weak bullish
- 04:56Neutral
- 05:31Bearish
- 05:46Weak bearish
- 06:31Neutral
- 07:54Weak bullish
- 08:09Bullish
- 09:44Neutral
- 10:10Bullish
- 10:25Weak bullish
- 10:55Neutral
- 11:25Bearish
- 11:55Bullish
- 12:10Weak bearish
- 12:25Bullish
- 12:55Weak bearish
- 13:31Neutral
- 14:06Bullish
- 14:21Neutral
- 15:01Bearish
- 15:16Bullish
- 15:31Neutral
- 16:26Weak bullish
- 17:11Bullish
- 17:29Neutral
- 18:44Bullish
- 19:14Weak bearish
- 19:29Bullish
- 20:29Neutral
- 22:05Bearish
- 23:30Weak bearish
Headlines (12)
First seen on September 3
- WTI remains broadly firm around $90 as oil shipments through Hormuz remain restrictedFXStreet
- WTI Oil hits highs near $91 as risks of an all-out war in the Middle East growFXStreet
- Oil Jumps for Fourth Straight Day and Diesel Nears Record HighThe New York Times
Carried over from earlier days
- Global oil prices extend move over $90 after report of two tankers struck in HormuzMarketWatch
- Hormuz Attacks Test Shuttle Trade’s Breaking Pointenergyintel.com
- Qatar says efforts under way to end Iran-US war and reopen Strait of HormuzAl Jazeera
- WTI advances to mid-$90.00s, fresh high since July 24 amid escalating US-Iran tensionsFXStreet
- Hormuz Shipping Slumps as U.S.-Iran Strikes Rattle Oil MarketsOilPrice.com
- Hormuz Traffic Craters to Four Ships as Iran-U.S. Strikes EscalateOilPrice.com
- Saudi Oil Exports Dive as Tankers at Risk From Hormuz to Red Seagcaptain.com
- U.S. Diesel Prices Close In on April War PeakOilPrice.com
- Oil Holds Above $90 as Fighting Flaresrigzone.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, September 3 | ||
| RatingDog Services PMI | 50.6 | CNY |
| Trade Balance | 3.2B | CAD |
| Labor Productivity q/q | 0.7% | CAD |
| Friday, September 4 | ||
| Employment Change | 15.1K | CAD |
| Unemployment Rate | 6.4% | CAD |
| Ivey PMI | 56.2 | CAD |
| Monday, September 7 | ||
| Bank Holiday | CAD | |
| Tuesday, September 8 | ||
| Trade Balance | CNY | |