WTI bias flipped 9 times to weak bullish on September 5, 2026
Renewed U.S.-Iran hostilities, including strikes on Iranian oil tankers, have heightened fears of supply disruptions and pushed WTI crude back above $91 as a war premium returns. The conflict is forcing a rewrite of global oil trade routes, with alternative suppliers like Venezuela gaining attention. These geopolitical tensions, compounded by stubbornly high fuel prices affecting farmers, are the primary drivers of current volatility in the WTI market.
Updated
The reading that day
Weak bullishAt 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
- 00:00Neutral
- 00:00Weak bullish
- 01:05Weak bearish
- 03:20Weak bullish
- 10:16Neutral
- 14:26Bullish
- 15:42Weak bullish
- 15:57Neutral
- 19:57Bullish
- 23:03Weak bullish
Headlines (15)
First seen on September 5
- Why is Trump threatening to strike Iran’s Pickaxe Mountain again, now?Al Jazeera
- US military hits 3 Iranian oil tankers after saying Navy warships were targeted with missilesABC News
- US says it hit Iran oil tankers helping finance ‘regional proxies’Al Jazeera
- U.S. strikes three Iranian oil tankers in renewal of hostilitiesnpr.org
- Iran War Forces a Rewrite of Global Oil Trade RoutesOilPrice.com
Carried over from earlier days
- 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
- Oil prices rise on escalation in Middle Eastoilandgas360.com
- Vance: We're not talking to Iran unless they stop shooting at shipsInvestingLive
- ‘Astronomical’ fuel price surge hits farmers in UK and USThe Guardian
- Experts agree: US-Iran tensions are far from over as Hormuz risks returnFXStreet
- New fears of oil supply disruption as US-Iran hostilities resumefrance24.com
- The Iran War Has Put Venezuela’s Oil Back in the SpotlightOilPrice.com
- WTI Back Above $91 as War Premium ReturnsOilPrice.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, September 7 | ||
| Bank Holiday | CAD | |
| Tuesday, September 8 | ||
| Trade Balance | 795B | CNY |
| USD-Denominated Trade Balance | 120.1B | CNY |
| Annual Budget Release | CAD | |
| Wednesday, September 9 | ||
| CPI y/y | 0.9% | CNY |
| PPI y/y | 3.6% | CNY |
| Trade Balance | CNY | |
| USD-Denominated Trade Balance | CNY | |