OIL Weekly Summary — Aug 02-08, 2026

Weekly Forecast Review: OIL

Week of Aug 02-08, 2026

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Weekly Forecast Performance for Oil (OIL)

Forecast Accuracy

• 2026-08-03: Forecast range was 79.10 to 89.26. Actual close was 80.34. The close was within the forecast range.
• 2026-08-04: Forecast range was 75.20 to 84.96. Actual close was 75.77. The close was within the forecast range.
• 2026-08-05: Forecast range was 72.07 to 82.42. Actual close was 75.22. The close was within the forecast range.
• 2026-08-06: Forecast range was 70.31 to 80.47. Actual close was 77.29. The close was within the forecast range.
• 2026-08-07: Forecast range was 72.07 to 81.84. No actual close available for verification.

Price Movement

• Last close before the week: 84.67 on 2026-07-31
• Latest available close: 77.29 on 2026-08-06
• Highest close in available data: 84.67 on 2026-07-31
• Lowest close in available data: 75.22 on 2026-08-05

Directional Trend

The available data indicates a net bearish trend, with prices moving from a close of 84.67 on 2026-07-31 to 77.29 on 2026-08-06.

Technical Notes

No specific regime changes or pattern shifts were mentioned in the posts.

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Generated by Stonksmaster Weekly AI