WTI bias turned neutral on October 3, 2026
WTI is being driven by competing headlines around emergency supply releases and Middle East tensions. Reports that the G7 and IEA plan to release 100 million barrels of oil and diesel from emergency stockpiles, alongside higher flows from the Gulf, coincided with a drop below $91.00 and a nearly 4% decline. Meanwhile, U.S.-Iran tensions and reports the U.S. is weighing sending more troops to the Middle East have kept geopolitical risk in view, contributing to choppy trading around $92.00.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed once 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
- 00:58Neutral
Headlines (12)
First seen on October 3
Carried over from earlier days
- WTI recovers strongly above $90 even as Middle East oil flows reach pre-war levelsFXStreet
- Oil: Prices hold near multi‑year highs – UOBFXStreet
- Crude Oil turns a loss into a rally as Chinese refiners stop exporting fuelFXStreet
- Oil Jumps on Renewed Conflict Fearsrigzone.com
- WTI holds steady near $92.00 as US weighs sending more troops to Middle EastFXStreet
- WTI Oil edges down below $91.00 amid reports of higher flows from the GulfFXStreet
- Oil dips as traders weigh U.S.-Iran tensions against supply recoveryHellenic Shipping News
- WTI Whipsaws as Gulf Supply Improves and Middle East Risk ReturnsOilPrice.com
- WTI Sinks Nearly 4% as EU Weighs Emergency Stockpile ReleaseOilPrice.com
- IEA announces 100 million barrel oil reserve releaseInvesting.com
- Oil Falls as G7 Taps Emergency Suppliesrigzone.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, October 4 | ||
| OPEC-JMMC Meetings | All | |
| Bank Holiday | CNY | |
| Monday, October 5 | ||
| Final Services PMI | 58.7 | USD |
| ISM Services PMI | 55.1 | USD |
| Bank Holiday | CNY | |
| Tuesday, October 6 | ||
| Trade Balance | 1.3B | CAD |
| Trade Balance | -95.2B | USD |
| Ivey PMI | 65.2 | CAD |