Crude Oil (WTI)

Bearish

Archived analysis from Aug 13, 2026, 1:28 PM

Key insight

80.35 snaps 5-day rally — Hormuz deal stalled, 17.4 mb inventory build crushes near-term bull case

Drops $3 to $80.35 as Hormuz talks deadlock and US inventory surges 17.4 mb

Main risk

Strait of Hormuz Reopening Deal

Surprise US-Iran deal would flood supply; $75 round-number support immediately at risk

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