Macro23d ago
EIA Crude Inventories Draw 0.4M vs Forecast 1.4M Draw
EIA crude inventories drew 0.4M for the week ending September 4, versus a 1.4M draw forecast and a 4.5M prior draw — a smaller-than-expected decline.
Editor·1 min read
WTI Consolidates Around $86 in the Asian Session
WTI consolidates around $86 in the Asian session. The Bessent geo printed $87.13. Last night just short of $88. Those are three stamps.
E
Editor
Aug 20, 2026 · 1mo ago
1 min read87 views
West Texas Intermediate oscillates around the $86.00 mark during the Asian session on Friday, still within reach of Thursday’s three-week high. That is the FXStreet 01:09 UTC stamp. This restamp uses that page only.
Last night’s stamp was just short of $88.00. The Bessent geo printed $87.13. Those are other stamps. They are not averaged with $86.00.
Hormuz is not reopened
The US and Iran remain at loggerheads over restoring navigation through the Strait of Hormuz, the same Friday page writes. Trump’s economic D-Day and Vice President JD Vance’s line that economic pressure is the most effective tool stay in the mix.
That page also says Yemen’s Houthis claimed to have targeted eight Saudi oil tankers since late July. The Najran claim is still unconfirmed. This is not an upgrade.
Live oil is on prices. The next stamps sit on the economic calendar.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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