{"id":30374,"date":"2026-07-08T11:30:28","date_gmt":"2026-07-08T11:30:28","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=30374"},"modified":"2026-07-08T11:41:46","modified_gmt":"2026-07-08T11:41:46","slug":"crude-oil-fomc-minutes-july-2026","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/opening-bell\/crude-oil-fomc-minutes-july-2026\/","title":{"rendered":"Crude Oil\u2019s Bounce Puts Pressure on Today\u2019s Fed Minutes\u00a0"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Oil is back in focus as war risk returns and markets wait for today\u2019s FOMC minutes.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Three tankers were reportedly hit by projectiles in or near the Strait of Hormuz.<\/p>\n\n\n\n<figure class=\"wp-block-pullquote has-text-align-left\" style=\"font-size:16px\"><blockquote><p><strong>News Rundown:<\/strong><br><br>A U.S. official said initial indications suggested Iran had fired at three commercial vessels.<br><br>The U.S. then <strong>reimposed sanctions on Iranian oil sales,<\/strong> cutting short a previous authorisation that had allowed Iranian oil sales until August 21, with a new wind-down deadline of July 17. Oil prices rose more than 5% after the sanctions announcement.<br><br>In addition, U.S. launched fresh strikes on Iran as retaliation,\u00a0 hitting more than 80 targets, including over 60 small boats linked to the Islamic Revolutionary Guard Corps.<br><br>Qatar also blamed Iran after a drone struck a Qatari LNG tanker and caused an engine-room fire, while a Saudi-flagged crude tanker was also reported damaged off Oman.<\/p><\/blockquote><\/figure>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">This puts war escalation risks, and by proxy, inflation risks back in the spotlight again.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Any prolonged disruption can lift energy prices and add pressure on consumers, governments and central banks.<\/p>\n\n\n\n<div style=\"height:23px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>WTI Crude July 8th, 2026 Analysis<\/strong><\/h2>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"2048\" height=\"1353\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-39.png\" alt=\"\" class=\"wp-image-30375\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-39.png 2048w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-39-300x198.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-39-1024x677.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-39-768x507.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-39-1536x1015.png 1536w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Technically, WTI is bouncing from the lower boundary of its descending channel.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The first realistic retest area is <strong>77-84<\/strong>, with more emphasis on 77 and 80 because those have been clearer \u201creaction points\u201d historically.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If oil can push through 84, <strong>the next area to watch is around 88.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But, oil probably needs another catalyst to move much higher.<\/p>\n\n\n\n<div style=\"height:23px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Supply Surge and Demand Decrease<\/strong><\/h2>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">Currently, the supply side is not fully supportive of a bigger rally.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">OPEC+ agreed to raise output targets by <strong>188,000 bpd from August<\/strong>, on top of similar increases for June and July.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s also reported that <strong>Saudi Arabia cut its August official selling price <\/strong>for Arab Light crude to Asia, while Gulf output and exports through Hormuz were recovering. That is positive for supply availability, but it can cap oil prices unless geopolitical risk worsens again.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">China demand also weakens the bullish case: crude imports fell to <strong>6.36 million bpd in May<\/strong>, down from 8.10 million bpd in April, the weakest level since October 2016, according to Kpler data.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another report said China was drawing on commercial inventories rather than bidding aggressively into a tight market, partly because refinery margins were deeply negative.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Period<\/strong><\/td><td><strong>China seaborne crude imports<\/strong><\/td><\/tr><tr><td>April<\/td><td>8.10 million bpd<\/td><\/tr><tr><td>May<\/td><td>6.36 million bpd (-1.74 million)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">This gives oil a two-sided setup. War escalation supports the bounce, but OPEC+ supply and weaker China buying make it harder to argue for a clean bullish trend without another catalyst.<\/p>\n\n\n\n<div style=\"height:23px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>FOMC Minutes Adds Pressure to Oil\u2019s Recent Surge<\/strong><\/h2>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">The FOMC minutes are scheduled for <strong>18:00 UTC \/ 2:00 p.m. ET<\/strong> today, covering the June meeting.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Fed held rates at 3.50%-3.75% in June. Its statement said <strong>economic activity remained solid despite uncertainty<\/strong> linked partly to the Middle East conflict, and inflation remained elevated partly because of supply shocks, including energy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That is why the minutes may lean hawkish, or at least not clearly dovish. If policymakers spent more time discussing sticky inflation, energy shocks and conflict uncertainty, markets may struggle to price a quick Fed pivot. But we still need to see the actual wording.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"2048\" height=\"1353\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-40.png\" alt=\"\" class=\"wp-image-30379\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-40.png 2048w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-40-300x198.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-40-1024x677.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-40-768x507.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-40-1536x1015.png 1536w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The US 2-year yield is already backing that idea technically. It is grinding higher along its <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/exponential-moving-average\/\">50 EMA band<\/a> and remains inside a rising channel. If US02Y keeps rising after the minutes, markets may read the Fed as higher-for-longer.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"2048\" height=\"1353\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-41.png\" alt=\"\" class=\"wp-image-30385\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-41.png 2048w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-41-300x198.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-41-1024x677.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-41-768x507.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-41-1536x1015.png 1536w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">DXY is also supported. The dollar is holding above its 1-day 20 EMA band and remains above the October 2025 lows. The next resistance to watch is around 102, which is the previous high.<\/p>\n\n\n\n<div style=\"height:23px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What to watch now:<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Oil holding the channel bottom<\/li>\n\n\n\n<li>WTI retesting 77 and 80<\/li>\n\n\n\n<li>US02Y staying supported on the 50 EMA band<\/li>\n\n\n\n<li>DXY pushing toward 102.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">For now, the end result is simple: oil is up, yields are firm, and the dollar stays supported.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTI rebounds from channel support before FOMC minutes, with war risk, US yields and DXY testing the Fed inflation story.<\/p>\n","protected":false},"author":159,"featured_media":30393,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[17],"class_list":["post-30374","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-opening-bell"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crude Oil\u2019s Bounce Puts Pressure on Today\u2019s Fed Minutes\u00a0 - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"WTI rebounds from channel support before FOMC minutes, with war risk, US yields and DXY testing the Fed inflation story.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/opening-bell\/crude-oil-fomc-minutes-july-2026\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crude Oil\u2019s Bounce Puts Pressure on Today\u2019s Fed Minutes\u00a0 - Alchemy Markets\" \/>\n<meta property=\"og:description\" content=\"WTI rebounds from channel support before FOMC minutes, with war risk, US yields and DXY testing the Fed inflation story.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/crude-oil-fomc-minutes-july-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Alchemy Markets\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-08T11:41:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-42.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1586\" \/>\n\t<meta property=\"og:image:height\" content=\"992\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Ber\u00e4knad l\u00e4stid\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minuter\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Crude Oil\u2019s Bounce Puts Pressure on Today\u2019s Fed Minutes\u00a0 - Alchemy Markets","description":"WTI rebounds from channel support before FOMC minutes, with war risk, US yields and DXY testing the Fed inflation story.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/opening-bell\/crude-oil-fomc-minutes-july-2026\/","og_locale":"sv_SE","og_type":"article","og_title":"Crude Oil\u2019s Bounce Puts Pressure on Today\u2019s Fed Minutes\u00a0 - Alchemy Markets","og_description":"WTI rebounds from channel support before FOMC minutes, with war risk, US yields and DXY testing the Fed inflation story.","og_url":"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/crude-oil-fomc-minutes-july-2026\/","og_site_name":"Alchemy Markets","article_modified_time":"2026-07-08T11:41:46+00:00","og_image":[{"width":1586,"height":992,"url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-42.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Ber\u00e4knad l\u00e4stid":"4 minuter"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/crude-oil-fomc-minutes-july-2026\/","url":"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/crude-oil-fomc-minutes-july-2026\/","name":"Crude Oil\u2019s Bounce Puts Pressure on Today\u2019s Fed Minutes\u00a0 - Alchemy Markets","isPartOf":{"@id":"https:\/\/alchemymarkets.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/crude-oil-fomc-minutes-july-2026\/#primaryimage"},"image":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/crude-oil-fomc-minutes-july-2026\/#primaryimage"},"thumbnailUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-42.png","datePublished":"2026-07-08T11:30:28+00:00","dateModified":"2026-07-08T11:41:46+00:00","description":"WTI rebounds from channel support before FOMC minutes, with war risk, US yields and DXY testing the Fed inflation story.","breadcrumb":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/crude-oil-fomc-minutes-july-2026\/#breadcrumb"},"inLanguage":"sv-SE","potentialAction":[{"@type":"ReadAction","target":["https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/crude-oil-fomc-minutes-july-2026\/"]}]},{"@type":"ImageObject","inLanguage":"sv-SE","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/crude-oil-fomc-minutes-july-2026\/#primaryimage","url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-42.png","contentUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/07\/image-42.png","width":1586,"height":992},{"@type":"BreadcrumbList","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/opening-bell\/crude-oil-fomc-minutes-july-2026\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/alchemymarkets.com\/"},{"@type":"ListItem","position":2,"name":"Market Insights","item":"https:\/\/alchemymarkets.com\/education\/market-insights\/"},{"@type":"ListItem","position":3,"name":"Crude Oil\u2019s Bounce Puts Pressure on Today\u2019s Fed Minutes\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/alchemymarkets.com\/#website","url":"https:\/\/alchemymarkets.com\/","name":"Alchemy Markets","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/alchemymarkets.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"sv-SE"}]}},"_links":{"self":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/market_insights\/30374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/market_insights"}],"about":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/types\/market_insights"}],"author":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/users\/159"}],"replies":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/comments?post=30374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/media\/30393"}],"wp:attachment":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/media?parent=30374"}],"wp:term":[{"taxonomy":"market_insights_categories","embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/market_insights_categories?post=30374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}