What will WTI Crude Oil (WTI) hit in July 2026?
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World oil prices remain near $90 ahead of OPEC+ meeting Brent crude oil futures closed the latest trading session at around $90 per barrel. American WTI crude oil was trading in the $84-85 per barrel range. Both grades showed significant growth in July amid ongoing risks to supplies from the Middle East. The market's focus is on the OPEC+ meeting (Kazakhstan, Saudi Arabia, Russia, Iraq, Kuwait, Algeria and Oman). As expected, the alliance members may approve an increase in production in September by another 188 thousand barrels per day at the meeting on August 2. [in reply to: Oil ended July with growth: how much Brent and WTI cost on August 1 World oil prices ended trading on Friday with growth of more than 1%, showing the strongest monthly result since March. Brent rose by 1.3% at the end of trading to $90.12 per barrel, WTI - by 1.5%, to $84.67. In July, oil rose by approximately 24% and 21%, respectively. The market is supported by geopolitical tensions in the Middle East, the risk of supply disruptions and a decrease in oil inventories in the US. Reuters analysts forecast the average price of Brent crude in 2026 at $85.22 per barrel.
Oil ended July with growth: how much do Brent and WTI cost on August 1 World oil prices closed trading on Friday with growth of more than 1%, showing the strongest monthly result since March. Brent by the end of trading rose by 1.3% to $90.12 per barrel, WTI - by 1.5%, to $84.67. In July, oil rose by about 24% and 21%, respectively. Geopolitical tensions in the Middle East, risks of supply disruptions and a decrease in oil inventories in the United States are supporting the market. Reuters analysts forecast the average price of Brent in 2026 at $85.22 per barrel.
Oil prices have risen on global markets as tensions in the Middle East have escalated, with Brent crude reaching $96.78, West Texas Intermediate (WTI) crude reaching $89.31 and OPEC crude reaching $102.8 per barrel. At the same time, there have been reports of reduced tanker traffic through the Strait of Hormuz, security threats in the Red Sea, increased purchases of Russian oil by China and India's efforts to secure oil from alternative sources. Analysts say continued tensions in the region could have a long-term impact on global oil supply and price trends.
Oil prices rebounded strongly on Thursday, breaking through the $100 per barrel mark. This critical point could reignite inflation, threatening not only the US economy but also putting pressure on Republicans facing the midterm elections.
The Strait of Hormuz and the Red Sea disrupted the global oil market Oil prices are still rising despite daily corrections following the escalation of tensions in West Asia and disruptions in export routes; Brent is trading at $97.65 and WTI is trading around $89.6. If geopolitical tensions in West Asia continue or the scope of attacks on export routes expands, the possibility of Brent returning to above $100 and WTI strengthening further is not far-fetched. mehrnews.com/x3cDLm @Mehrnews
GRAPHIC-Stagflation talk returns to rattle markets as oil rebounds to $100
Brent crude oil rises above $100 Brent crude oil rose 7% in Thursday's trading following the news that two Saudi oil tankers were targeted in the Red Sea, closing above $100 for the first time since May. The global market price index is on track to record a 14.6% weekly gain. isna.ir/xdWMpP
@isna94
The closure of two key Middle East straits—the Straits of Hormuz and Bab el-Mandeb—led to a rise in oil prices: on July 23, Brent reached $100 per barrel. If the conflict between Iran and the United States is not resolved, further price increases could continue. At the same time, even if the situation in the Middle East stabilizes, the market is unlikely to return to previous levels, according to experts interviewed by Izvestia. Read more in Izvestia's exclusive report. More IZ RU news in MAX
#OOTT | Brent Crude Futures Settle At $100.69/Bbl, Up $6.62, 7.04%
Brent crude futures rose $6.62, or 7.04%, to settle at $100.69 a barrel.
Short-sighted stock market can no longer brush off war: 'It's too hard to ignore $100 oil'
Short-sighted stock market can no longer brush off war: 'It's too hard to ignore $100 oil'
NY crude oil briefly rose to over $91 per barrel, its highest level in about a month and a half.
Oil price rises again above the $100 mark
Live: Oil prices climb back above $100 a barrel
On the markets, oil breaks through $100, signaling a return to reality.
Oil hits $100 The price of Brent oil, which has been rising for a few days now, after Iran took control of the Strait of Hormuz following the US's breach of commitments, has now crossed $100.
Highest in the last two months: The price of oil rose 6% today, reaching $100 per barrel @ishayb2003
The price of Brent rose to almost $100 per barrel The cost of September Brent oil futures at 16:00 Moscow time reached $99.82 per barrel. (+6.11% per day). WTI costs $91.28 per barrel. (+5.12%). Max | Telegram | Newsletter | iOS application | Android [in reply to: Oil prices rise for the fifth day in a row Brent crude futures for September delivery rose 4.45% to $98.25 per barrel by 2:00 PM Moscow time, reaching their highest level since June 3. U.S. WTI crude rose 3.36% to $90.16. The price rise comes amid a new round of escalation in the Middle East. Max | Telegram | Newsletter | iOS app | Android]
Oil price reaches $100 / Selection
Brent oil price crosses $100 mark Brent crude oil price in global markets crossed $100 per barrel with a sudden jump of 6%
Below this symbolic threshold since the end of May, the price of Brent crude has once again reached $100 a barrel following attacks on Saudi oil tankers in the Red Sea.
Live: Oil prices hit $100 a barrel
Live: Oil tops $100 a barrel for first time since May
Live: #MIDDLE_EAST #FUEL Around 3:05 PM in Paris, the price of a barrel of Brent crude from the North Sea, for September delivery, climbed 6.05% to $99.76, after briefly touching $100...
Live: #MIDDLE_EAST #FUEL The barrel of Brent, the reference for the world price of oil, reaches $100, for the first time since May 26.
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What will WTI Crude Oil (WTI) hit in July 2026?