WTI bias flipped 32 times to neutral on October 7, 2026
WTI has been swinging as recovering Gulf and Middle East export flows have weighed on prices, including a drop to near $88.50 following a G7 reserve release. Those supply flows have been countered by concerns around Hormuz risks, US storm impacts, and Houthi hits on Saudi infrastructure that pushed Brent back above $100, while depleted global stocks are reported to be setting a higher floor under oil prices.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 32 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
- 01:06Bullish
- 01:36Bearish
- 02:16Bullish
- 02:31Neutral
- 02:46Bearish
- 03:01Bullish
- 04:01Neutral
- 04:21Weak bearish
- 04:36Bullish
- 10:32Neutral
- 10:47Bullish
- 11:17Neutral
- 11:32Bullish
- 12:22Neutral
- 12:37Bullish
- 13:07Neutral
- 13:37Bullish
- 13:52Weak bearish
- 14:07Bearish
- 14:22Bullish
- 16:37Neutral
- 16:52Bullish
- 18:52Neutral
- 19:08Bullish
- 19:23Bearish
- 19:38Neutral
- 20:23Bearish
- 20:53Bullish
- 21:08Neutral
- 22:03Bullish
- 23:14Weak bearish
- 23:29Neutral
Headlines (13)
First seen on October 7
- Oil prices rise as storms and air strikes threaten supplyInvesting.com
- WTI rises to near $89.50 as Middle East supply threats offset Persian Gulf recoveryFXStreet
- Brent Back Above $100 as Houthis Hit Saudi InfrastructureOilPrice.com
- Brent Back Above $100 as Houthis Hit Saudi InfrastructureInvesting.com
- WTI eases as Gulf export flows counter Middle East, US storm concernsFXStreet
- WTI reverses earlier gains as recovering Middle East exports weighFXStreet
- Depleted Global Stocks Set Higher Floor Under Oil PricesOilPrice.com
Carried over from earlier days
- 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
- Five Hormuz Incidents Reported Monday as Tanker Attacks Mountgcaptain.com
- WTI falls to near $88.50 on G7 reserve releaseFXStreet
- S&P Set To Open At Record High As Oil Slides, Bond Rout Takes A BreatherZeroHedge
- WTI rebounds as Hormuz risks temper relief from rising Gulf exportsFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, October 7 | ||
| FOMC Member Williams Speaks | USD | |
| Crude Oil Inventories | 1.9M | USD |
| President Trump Speaks | USD | |
| 10-y Bond Auction | USD | |
| FOMC Meeting Minutes | USD | |
| Consumer Credit m/m | 14.5B | USD |
| Thursday, October 8 | ||
| FOMC Member Waller Speaks | USD | |
| Unemployment Claims | 200K | USD |