WTI bias flipped 34 times to bearish on October 5, 2026
WTI has been caught between supply relief measures and ongoing disruption risks. G-7 plans to release crude and diesel stocks, steady OPEC+ November targets, and rising Gulf exports have been reported alongside price declines toward $89-$102, while Houthi attacks on Saudi Aramco sites and Iran's statement that Hormuz will remain closed until U.S. conditions are met have kept shipping risks in focus, with Aramco's CEO noting thin global inventories and EIA reporting higher crude prices and refinery margins through the third quarter.
Updated
The reading that day
BearishAt the close of the UTC day.
BearishNeutralBullish
It changed 34 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
- 01:55Bearish
- 02:31Bullish
- 02:51Bearish
- 04:37Bullish
- 05:32Bearish
- 06:52Weak bearish
- 07:07Bearish
- 08:07Neutral
- 08:27Bullish
- 10:07Neutral
- 10:52Bearish
- 11:07Bullish
- 12:22Bearish
- 12:37Bullish
- 12:52Bearish
- 13:32Bullish
- 13:47Neutral
- 14:27Bullish
- 15:32Neutral
- 15:47Bullish
- 16:02Weak bearish
- 16:22Weak bullish
- 16:56Bearish
- 17:11Bullish
- 18:26Bearish
- 18:51Bullish
- 19:36Neutral
- 19:56Bullish
- 20:26Bearish
- 21:01Neutral
- 21:21Bullish
- 22:06Bearish
- 22:52Bullish
- 23:22Bearish
Headlines (14)
First seen on October 5
- Oil slips toward $102 as G7 stock release and rising Gulf exports offset Houthi attacksInvestingLive
- Oil prices fall as Middle East exports recover, G7 taps emergency stocksInvesting.com
- WTI drops to near $89.00 as OPEC+ holds November targetsFXStreet
- Saudi Arabia Unexpectedly Cuts Oil Prices To Asiagcaptain.com
- Oil Prices Fall as G-7 Plans Crude, Diesel Release But Hormuz Shipping Risks PersistThe Wall Street Journal
- Saudi Aramco chief warns world’s oil stockpiles are ‘scarily thin’Financial Times
- Crude oil prices and refinery margins generally increased throughout the third quartereia.gov
- Trump blames Democrats and Ukraine for soaring US fuel prices, not Iran warAl Jazeera
- Aramco CEO warns rebuilding thin global oil inventories could take two years after HormuzInvestingLive
Carried over from earlier days
- G7 nations bow to US pressure and avoid crippling diesel banAl Jazeera
- Iran says Hormuz to remain closed until US meets conditionsAl Jazeera
- More tankers struck in the Middle East as Iran reiterates conditions for reopening the Strait of HormuzCNBC
- G7 orders 100 million barrel oil stock release, rejects energy export bansHellenic Shipping News
- Oil climbs after Yemeni Houthis attack Saudi Aramco sitesInvesting.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, October 5 | ||
| Final Services PMI | 58.7 | USD |
| ISM Services PMI | 55.1 | USD |
| Bank Holiday | CNY | |
| Tuesday, October 6 | ||
| ADP Weekly Employment Change | USD | |
| Trade Balance | 1.5B | CAD |
| Trade Balance | -100.8B | USD |
| Ivey PMI | 65.2 | CAD |
| RCM/TIPP Economic Optimism | 44.5 | USD |