WTI bias flipped 44 times to bullish on October 12, 2026
WTI has seen choppy trading as attacks in the Middle East, including Saudi attacks, spread and escalated, stoking supply fears and lifting oil prices, with WTI reaching a two-week high while Brent topped $106 and OPEC pointed to a demand rebound. Headlines also show WTI later easing to near $90.00 despite ongoing conflict and supply risks, with Middle East supply concerns overshadowing Russian diesel supplies and a related deal. The oil shock was also linked to wider market moves, including a U.S. dollar rally and changing expectations around Fed rate hikes.
Updated
The reading that day
It changed 44 times during the day.
The day on the wire
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
- 00:55Weak bullish
- 01:40Bullish
- 02:00Bearish
- 02:25Bullish
- 02:56Bearish
- 03:11Weak bearish
- 04:26Weak bullish
- 04:41Weak bearish
- 06:06Weak bullish
- 06:21Bearish
- 06:36Weak bearish
- 06:51Weak bullish
- 07:06Bullish
- 07:41Weak bearish
- 08:01Bearish
- 08:16Weak bullish
- 08:31Bearish
- 08:46Weak bullish
- 09:06Bullish
- 09:56Bearish
- 10:11Bullish
- 10:26Bearish
- 10:41Weak bearish
- 10:56Bearish
- 11:12Bullish
- 11:27Neutral
- 12:12Bullish
- 14:37Weak bullish
- 14:52Bullish
- 15:52Neutral
- 16:07Weak bearish
- 16:27Bullish
- 17:02Bearish
- 17:17Bullish
- 19:08Weak bearish
- 19:38Weak bullish
- 19:53Bullish
- 20:23Neutral
- 20:53Bullish
- 21:13Neutral
- 22:32Weak bearish
- 23:02Bullish
- 23:22Weak bearish
- 23:47Bullish
Headlines (21)
First seen on October 12
- WTI declines to near $90.00 despite escalating Middle East conflict, supply risksFXStreet
- Oil Slips as Trump Touts Energy Ceasefire: Why Cramer Isn't Buying ItBeInCrypto
- Silver Price Forecast: XAG/USD holds gains near $61 amid Russia-Ukraine ceasefireFXStreet
- Two More Oil Tankers Attacked Near Strait of HormuzOilPrice.com
- Oil Prices Fall as Traders Weigh Russian Diesel Deal, Middle East Supply RisksThe Wall Street Journal
- 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
- investingLive European session wrap: Oil rebounds, dollar firms as US bond market holiday keeps traders cautiousInvestingLive
- Confronting the ‘largest energy security threat’Al Jazeera
- Oil Jumps 2% as Saudi Attacks and Tanker Strikes Revive Hormuz FearsOilPrice.com
- 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
- Gold tumbles as Oil shock fuels US Dollar rally and Fed hike betsFXStreet
- 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
- More Tankers Hit in Hormuz as U.S. Strikes Cargo Shipgcaptain.com
- Hormuz attacks intensify as efforts to end war on Iran stallAl Jazeera
- Iran warns ships against transiting Strait of Hormuz with their navigation systems offTASS
- 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 | |
| NFIB Small Business Index | 98.1 | USD |
| ADP Weekly Employment Change | USD | |
| Existing Home Sales | 3.95M | USD |