The Canadian Index

All content, including the full-resolution download, is provided at no charge.

Homepage Archive Legal
Bar chart of WTI crude oil's daily percentage price swings from July 6 to August 4, 2026.

Crude oil's decline reflects a pattern researchers Daniel Kahneman and Amos Tversky called base-rate neglect: investors treating each Hormuz de-escalation as a first-time event rather than checking how often earlier ones actually held. Twelve of the past twenty-two trading sessions moved two percent or more, a frequency that fits headline-driven repricing better than a genuine change in physical oil supply. A similar rally-and-reversal already played out in late June, when WTI touched $70.34 on the same kind of optimism before climbing back to $87.01 by July 23.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

Download Hi-Res JPEG (No Watermark)

Related charts

Line chart showing WTI crude oil rising 10.6 percent from July 7 to August 7, 2026, with a sharp mid-week reversal.

Crude oil fell sharply in early August as reports of a preliminary Iran-Oman agreement on Strait of Hormuz shipping circulated, then…

WTI Swung More Than 10% in a Week on Headlines the Availability Heuristic Explains

August 7, 2026

View chart & download
Dual axis chart comparing WTI crude oil and gold prices moving in opposite directions the same week.

Iran rejected Oman's proposal for joint oversight of the Strait of Hormuz on July 29, leaving the dispute unresolved even as vessel traffic…

Oil Fell 9.5% This Week. Gold Rose Through $4,100. Same Headline Did Both.

July 31, 2026

View chart & download
Line chart comparing WTI crude oil and gold spot prices from June 22 to July 20, 2026.

WTI crude has climbed 2.1% to $83.48 as the conflict's confirmed U.S.

Oil Spiked Past $85 as the War's U.S. Death Toll Hit 17. It Gave Back Most of the Move by Noon.

July 20, 2026

View chart & download
Line chart showing WTI crude oil climbing from about $66.95 on June 24 to $74.40 by July 9, 2026, amid escalating strikes on Iran.

WTI crude has climbed to $74.40, up 11.1% since June 24, as the U.S.

The Strikes on Iran Got Bigger Overnight. The Market's Reaction Got Smaller.

July 9, 2026

View chart & download
Line chart comparing indexed gold and Brent crude prices as the two assets diverge then reverse in early August 2026.

Gold rose 7.2% last week to a record close near $4,400 while Brent crude fell 7.3% as traders bet a Hormuz shipping deal was close.

Gold's Record Week Made the Story Feel Settled. Monday Already Disagrees.

August 10, 2026

View chart & download
Line chart showing WTI crude oil swinging repeatedly on Iran headlines from July 6 to August 4, 2026.

Crude oil has reversed sharply four separate times since July 8, each move triggered by a single headline about US-Iran negotiations rather than any change in physical oil supply.

Why Oil Keeps Pricing In an Iran Deal That Has Not Happened

August 4, 2026

View chart & download
Legal Archive Homepage

Charts and data on this site are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Each chart reflects the source and period indicated on it and may not represent current market conditions.

Charts may be downloaded and shared freely for professional or educational use, including in client presentations, reports, and publications, with no attribution or permission request required. Charts may not be altered, edited, or cropped: each is a specific, time-stamped dataset, and an altered copy no longer accurately represents that record.

© 2026 The Canadian Index. A public reference library of Canadian financial market charts, updated daily from public market data. See the Legal and Usage Terms page for full disclaimers.