EnergyReader · 2026-08-04 18:37

Dubai Crude at $77 With Bearish Bias, Tight U.S. Stocks Limiting the Downside

By EnergyReader Newsroom · August 4, 2026

Dubai Crude was trading at $76.74 a barrel on Tuesday (2026-08-04), flat on the session, as the crude market's attempt to price in a Hormuz recovery ran into data pointing to persistent supply tightness elsewhere. Rigzone reported on Thursday (2026-07-30) that oil had slid in thin summer trading as signs of increased flows through the Strait offset concerns over fresh hostilities from Iran to the Black Sea, with WTI settling below $84 a barrel and Brent closing near $89.

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What to watch Track the live series behind this story — history, latest readings and our coverage.

Dubai crude (Mideast sour benchmark) → Strait of Hormuz oil/LNG transit flows → OPEC reference basket → China crude oil imports →

Connected coverage Stories linked to Dubai Crude through the market graph: same hub, spread, route or driver.

Dubai Crude at $117 Challenges a Bearish Consensus Built on Hormuz Normalization 7h ago · Dubai Crude same market Crude Bounces on Fresh Attacks but Settles Below the Prior Week's Close 17m ago · Brent shared: Saudi Crude Production … NYMEX WTI Rebounds to $103 as Saudi Export Detour Proves Only Partial Fix for Disrupted Pipeline 8h ago · WTI via Global Crude Balance Saudi Output Drop and Red Sea Conflict Keep ICE Brent Above $103 59m ago · Brent shared: Saudi Crude Production … Oil Holds Above $103 as Persian Gulf Tensions Keep Bond Yields Elevated 9h ago · WTI via Global Crude Balance Aramco Shifts to Ship-to-Ship Transfers as Bahri Stations 19 VLCCs Off Oman 6m ago · Saudi Aramco same desk

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Dubai Crude Crude Oil Strait of Hormuz WTI Brent