Current price of oil as of July 13, 2026

As of July 13, 2026, Brent crude oil prices fell to $78.31 per barrel, a $1.08 decline from the previous day but a $7.24 increase compared to a year ago. The article discusses factors influencing oil prices, including supply and demand dynamics, geopolitical risks, and the role of the U.S. Strategic Petroleum Reserve in mitigating price shocks.