WTI bias flipped 13 times to bullish on September 8, 2026
WTI crude prices have surged above $90 as escalating U.S.-Iran tensions and fresh strikes on Saudi oil facilities heighten supply disruption risks in the Middle East, particularly concerning the Strait of Hormuz. Meanwhile, reports of rebounding Chinese crude buying add further upward pressure, though broader market concerns are reflected in equity selloffs. The combination of geopolitical risk and firm demand keeps oil prices volatile and near multi-month highs.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 13 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
- 00:07Neutral
- 00:22Weak bullish
- 00:37Bullish
- 06:54Weak bearish
- 07:09Weak bullish
- 07:24Bullish
- 09:45Bearish
- 10:05Bullish
- 16:50Neutral
- 17:05Weak bearish
- 17:20Bullish
- 18:07Weak bullish
- 18:22Bullish
Headlines (11)
First seen on September 8
- Dow Jones Industrial Average is paying for a sixth day of Crude OilFXStreet
- Dow ends over 600 points down, oil prices rise on escalating U.S.-Iran tensionsMarketWatch
Carried over from earlier days
- Iran warns of 'faster, heavier, more painful response' to US attacksbbc.co.uk
- WTI rises to near $90.00 on escalating US-Iran conflictFXStreet
- WTI Price Forecast: Bulls retain control above $90.50, near July high amid Iran tensionsFXStreet
- Oil prices climb as US-Iran missile strikes keep Hormuz risks elevatedInvestingLive
- Saudi Oil facilities hit in fresh strikes, WTI surges above $90FXStreet
- The world has enough Crude Oil and not enough dieselFXStreet
- Oil nears $98 as Chinese crude buying rebounds, Middle East risks intensifyworldoil.com
- Oil prices surge as US-Iran strikes intensify in Strait of HormuzAl Jazeera
- Oil prices climb, Dow futures sink on reports of Saudi Aramco refinery being hitMarketWatch
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, September 8 | ||
| USD-Denominated Trade Balance | 118.6B | CNY |
| Trade Balance | 805B | CNY |
| Annual Budget Release | CAD | |
| Wednesday, September 9 | ||
| CPI y/y | 0.8% | CNY |
| PPI y/y | 3.6% | CNY |
| USD-Denominated Trade Balance | CNY | |
| Trade Balance | CNY | |
| Thursday, September 10 | ||
| Crude Oil Inventories | USD | |