WTI bias held neutral on October 10, 2026
WTI is trading near $89.50 as traders weigh US-Iran tensions and supply risks. Headlines describe attacks around the Strait of Hormuz, including a supertanker hitting a mine, a strike on an LPG tanker, and Houthi strikes on an energy target, alongside a hurricane taking aim at US Gulf energy infrastructure. At the same time, reports that President Trump paused and ruled out attacks on Iran before the midterm elections and that China restarted fuel exports have coincided with lower prices.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It held all 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
Headlines (16)
First seen on October 10
Carried over from earlier days
- Oil Prices Rise More Than 2% Amid Houthi Attacks, U.S. Gulf Shut-InsThe Wall Street Journal
- WTI Oil rushes above $90.00 as tensions in the Middle East growFXStreet
- Oil Jumps 2% as Iran Steps Up Attacks on Hormuz TankersInvesting.com
- Futures Slide As Oil Jumps On Iran Strike Report, Bond Rout Resumes Ahead Of 30Y AuctionZeroHedge
- Oil jumps 5% as Hormuz tanker attacks escalate, US Gulf hurricane shuts in productionogj.com
- Opec-Plus Crude Output Hits Wartime High in Septemberenergyintel.com
- Oil settles circa 4% higher as two supply threats collide: Iran strike fears and Hurricane IsaiasInvestingLive
- Iran war live: Iranian media reports ‘massive explosions’ in Hormuz StraitAl Jazeera
- Iran and Houthis Try to Regain Upper Hand in Hormuz With Spate of New AttacksThe Wall Street Journal
- WTI declines to near $89.50 as Trump rules out attacks on Iran before midterm electionsFXStreet
- Oil prices fall as Trump pauses Iran attacks, China restarts fuel exports – business liveThe Guardian
- "Small Disruption Now Has Outsized Price Consequences": Jefferies Warns As Hurricane Takes Aim At US Gulf EnergyZeroHedge
- Iran Goes Offensive: Strikes LPG Tanker In Strait Of Hormuz, Threatens 'Punishment' For All ViolatorsZeroHedge
- WTI holds steady as traders weigh US-Iran tensions and supply risksFXStreet
- Middle East on Edge: Houthis Strike Energy Target as Trump Threatens, Delays Iran War Escalationnaturalgasintel.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, October 11 | ||
| Fed Monetary Policy Report | USD | |
| Monday, October 12 | ||
| FOMC Member Hammack Speaks | USD | |
| Bank Holiday | USD | |
| Bank Holiday | CAD | |
| Tuesday, October 13 | ||
| New Home Prices m/m | CNY | |
| FOMC Member Waller Speaks | USD | |
| NFIB Small Business Index | 98.0 | USD |
| ADP Weekly Employment Change | USD | |