# WTI Oil rises as geopolitical risks keep supply concerns alive

> WTI traded near $83.30 on Friday after rebounding from an intraday low below $80, with tanker traffic through Hormuz recovering to roughly 30-35% of pre-conflict levels. An EIA report showed a larger-than-expected drop in US crude inventories.

- Date: 2026-07-31 · published 2026-07-31T12:00:00.000Z
- Category: geopolitics · region US · magnitude low
- Page: https://feedsoft.ai/events/18520-wti-oil-rises-as-geopolitical-risks-keep-supply-concerns-alive
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Partial Hormuz recovery is easing supply fears, but tight US inventories and ongoing Middle East risk premium limit downside for energy-linked feed and freight costs.

## Read by commodity

- WTI: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-07-13 | [Oil rises but declines for the week as supply concerns ease](https://feedsoft.ai/events/10095-oil-rises-but-declines-for-the-week-as-supply-concerns-ease.md) | -1.2% | -5.0% |
| WTI | 2018-07-13 | [Oil falls for second week as supply concerns ease](https://feedsoft.ai/events/10098-oil-falls-for-second-week-as-supply-concerns-ease.md) | -1.2% | -5.0% |
| WTI | 2018-09-13 | [Oil trades below $70 as traders assess supply shortage  \| The National](https://feedsoft.ai/events/63208-oil-trades-below-70-as-traders-assess-supply-shortage-the-national.md) | +1.0% | +4.0% |
| WTI | 2026-10-21 | [Fertilizer affordability improves, but supply risks remain amid global market shifts - Farm Country Alabama](https://feedsoft.ai/events/17036-fertilizer-affordability-improves-but-supply-risks-remain-amid-global-market.md) | -0.7% | — |
| WTI | 2020-02-06 | [U.S., global oil benchmarks split ways as Russia resists deeper OPEC+ output cuts - MarketWatch](https://feedsoft.ai/events/54750-u-s-global-oil-benchmarks-split-ways-as-russia-resists-deeper-opec-output-cuts.md) | +0.6% | -9.7% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/wti-oil-recovers-above-83-ahead-of-opec-meeting-202607311611

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.