Oil Prices Rise for Fourth Day as Hormuz Traffic Slows
- Source
- Oilprice.com
- Source link
- https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Rise-for-Fourth-Day-as-Hormuz-Traffic-Slows.html
- Published
- 2026-08-19 05:40:00
- Discovered by ProcIntel
- 2026-08-19 07:47:32
- Category
- Commodities & Raw Materials
- Geography
- Global
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
Crude oil prices extended their gains for the fourth day today as fresh tanker-tracking data suggests traffic via the Strait of Hormuz has slowed further amid harder rhetoric from both Iran and the United States, with both sides demonstrating an unwillingness to return to the negotiating table. At the time of writing, Brent crude was trading at $91.53 per barrel, and West Texas Intermediate was changing hands for $85.47 per barrel, two days after the expiration of the June ceasefire deal the U.S. and Iran had agreed, which broke down in early July.…
Procurement Relevance Gate
- commodity_or_input_impact (weight 12) — matched on "oil"
- geographic_exposure (weight 8) — matched on "1 linked geography"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
- Initial Significance
- 3 · Material (42.0/100)
- Initial Confidence
- 3 · Moderate (56.25/100)
- Data sufficiency Whether enough structured evidence exists to trust this Signal's Initial Confidence reading. 'Sufficient' has no cap; 'Partial' and 'Insufficient' cap Confidence until more evidence is available; 'Not Assessed' means the Signal did not pass the Relevance Gate.
- Sufficient — via independent corroboration
- Strongest contributor
- Likely Event Severity
- Limiting factor
- Procurement Impact
Initial Significance Material (42.0/100). Strongest contributor: Likely Event Severity (15.0/30 points). Limiting factor: Procurement Impact (6.0/30 points). Initial Confidence Moderate (56.25/100, data sufficiency: Sufficient, Sufficient via independent_corroboration). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (10.0/25 points).
- Entity Criticality data quality warning: all_linked_entities_data_insufficient.
- Entities were mentioned as context or document attribution rather than as actors in the reported development, so they did not increase Initial Confidence.
- Geographies were mentioned only in diplomatic reaction, commentary or background context rather than as the actor, event location or affected party in the reported development, so they did not increase Initial Confidence.
- Only source-level geography metadata was available.
- Source metadata did not contribute to Initial Confidence.
- Suppressed: a binding, unhedged Event-classifier phrase confirmed the same core action.
Linked Canonical Event(s): Oil Prices Rise for Fourth Day as Hormuz Traffic Slows
Methodology signal_scoring_v1 — calculated 2026-08-19 07:47:33.