WTI holds near $100 as diplomacy hopes offset supply worries: Oct 28, 2026
WTI is trading around $100 to above $101 as hopes for Middle East diplomacy ease supply fears, including talks involving Iran and its supreme leader. That pressure is being offset by continued tensions such as threats of new U.S. strikes on Iran, attacks on Saudi infrastructure including Ras Tanura, and Israeli election deadlock, which keep supply worries alive.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the WTI page.
Headlines (11)
First seen on October 28
Carried over from earlier days
- Wti Oil Rises Above $100 as Investors Cut RiskActionForex
- WTI Price Forecast: Slides further below $100.50; bullish potential seems intactFXStreet
- Oil slides over 2% as traders weigh Saudi attack risks, demand destructionCNBC
- Oil eases on diplomacy hopes; European gas rises on winter supply concernsogj.com
- WTI falls to near $100 as Middle East talks ease supply fearsFXStreet
- Oil eases on Middle East diplomacy hopes, Saudi attacks keep supply worries aliveInvesting.com
- Oil Prices Drop Despite Threat of New U.S. Strikes on IranOilPrice.com
- WTI Oil picks up above $101.00 as tensions in the Middle East remain highFXStreet
- Futures Rise, Oil Slides As Iran's Supreme Leader Talks Peace And Shrugs Off Ras Tanura AttackZeroHedge
- Oil Futures Fall as Market Holds Out Hope for Middle East DiplomacyThe Wall Street Journal
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, October 28 | ||
| Prelim Wholesale Inventories m/m | 0.5% | USD |
| Goods Trade Balance | -130.4B | USD |
| CB Leading Index m/m | CNY | |
| Overnight Rate | 2.50% | CAD |
| BOC Monetary Policy Report | CAD | |
| BOC Rate Statement | CAD | |
| Crude Oil Inventories | 0.1M | USD |
| BOC Press Conference | CAD | |