Brent bias flipped 41 times to neutral on October 12, 2026
Brent crude climbed above $106 per barrel on ICE, the first time above that level since September 29, rising about 2% after attacks in Saudi Arabia and elsewhere in the Middle East spread and escalated. The move reflects heightened concern over supply risks, including a reported 6-7 million barrels per day affected by Hormuz disruption, which overshadowed a Russian diesel deal and came as OPEC sees a demand rebound.
Updated
The reading that day
NeutralAt 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
- 00:00Bearish
- 00:25Neutral
- 00:40Weak bullish
- 00:55Bearish
- 01:40Bullish
- 02:00Bearish
- 02:25Neutral
- 02:56Bearish
- 04:26Bullish
- 04:41Neutral
- 04:56Bearish
- 05:11Weak bearish
- 06:06Neutral
- 06:21Weak bearish
- 06:51Neutral
- 07:06Bullish
- 07:41Bearish
- 08:16Bullish
- 08:31Bearish
- 08:46Bullish
- 09:01Weak bearish
- 09:16Neutral
- 09:46Bullish
- 10:01Bearish
- 10:16Neutral
- 10:31Bearish
- 10:46Bullish
- 12:02Neutral
- 12:32Bullish
- 13:02Neutral
- 13:47Bullish
- 16:37Neutral
- 17:07Bullish
- 17:37Neutral
- 18:17Weak bullish
- 19:08Weak bearish
- 19:38Neutral
- 19:53Weak bearish
- 20:08Weak bullish
- 22:02Neutral
- 22:32Weak bearish
- 23:02Neutral
Headlines (21)
First seen on October 12
- The Commodities Feed: Oil lower despite Middle East escalationING Think
- Two More Oil Tankers Attacked Near Strait of HormuzOilPrice.com
- Goldman Sachs increases Brent price outlook to $90/bbl for December — ReutersTASS
- OPEC cuts oil demand forecast sharply as supply risks keep prices elevatedInvestingLive
- Price of Brent oil up above $106 per barrel on ICE first since September 29TASS
- Oil Jumps 2% as Saudi Attacks and Tanker Strikes Revive Hormuz FearsOilPrice.com
- Brent Reverses Early Drop, Tops $106 as Energy Stocks RiseInvesting.com
- Bitcoin drops 2.2% as Ukraine, Iran strikes send oil toward one-month highCointelegraph
- Oil Prices Jump 2% on Saudi Attacks as OPEC Sees Demand ReboundOilPrice.com
- Middle East supply risks overshadow Russian diesel dealogj.com
- WTI hits two-week high Middle East tensions overshadow Russian diesel suppliesFXStreet
- Hormuz clogging stop 6-7 million bpd of oil from reaching markets — Russian deputy PMTASS
- Brent Tops $106 as Supply Risks Intensifyrigzone.com
Carried over from earlier days
- Oil supertanker hits mine in Strait of Hormuz — IRGCTASS
- Tanker war spreads across Gulfsplash247.com
- Saudi Aramco reportedly restores full crude oil supply to Europe for Novembercontent-media.investing.com
- Hormuz attacks intensify as efforts to end war on Iran stallAl Jazeera
- Oil Prices Keep Rising Despite Plenty of Supply. JPMorgan Explains WhyBeInCrypto
- Iran warns ships against transiting Strait of Hormuz with their navigation systems offTASS
- Goldman: Gulf oil exports back at 22-23 mb/d, but Dated Brent stays very highInvestingLive
- Oil Rises After MidEast Attacks Spread And Escalate, Stoking Supply FearsZeroHedge
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, October 12 | ||
| Bank Holiday | USD | |
| Bank Holiday | CAD | |
| FOMC Member Hammack Speaks | USD | |
| Tuesday, October 13 | ||
| New Home Prices m/m | CNY | |
| FOMC Member Waller Speaks | USD | |
| M2 Money Supply y/y | 7.4% | CNY |
| New Loans | 1025B | CNY |
| NFIB Small Business Index | 98.1 | USD |