West Texas Intermediate (WTI)

As of July 8, 2026, Brent crude oil prices are $78.17 per barrel, up $4.88 from the previous day and $7.30 higher than a year ago. The article explains factors influencing oil prices, including supply and demand, economic conditions, and the role of the U.S. Strategic Petroleum Reserve.

As of July 6, 2026, oil prices rose to $72.36 per barrel (Brent benchmark), up 5 cents from the previous day and $3.50 over the past year. The article highlights factors influencing oil prices, including supply and demand, economic downturn risks, and the role of the U.S. Strategic Petroleum Reserve in mitigating price shocks.

On June 26, 2026, oil was priced at $73.74 per barrel, down 28 cents from the previous day but $5.76 higher than a year earlier. The article discusses factors influencing oil prices, including supply and demand dynamics, the role of the U.S. Strategic Petroleum Reserve, and the link between oil and natural gas markets.

As of June 24, 2026, the price of oil using the Brent benchmark is $75.57 per barrel, down $2.47 from the previous day but up $7.40 compared to the same time last year. The article discusses factors influencing oil prices, including supply and demand dynamics, the role of the U.S. Strategic Petroleum Reserve during emergencies, and the relationship between oil and natural gas prices.

As of June 15, 2026, Brent crude oil prices fell to $84.62 per barrel, down 67 cents from the previous day but up $8.63 compared to a year earlier. A new peace deal in the Middle East contributed to recent price declines, while the U.S. Strategic Petroleum Reserve is highlighted as a tool to mitigate supply shocks.

As of June 12, 2026, oil was priced at $89.94 per barrel, a $5.21 drop from the previous day but $19 higher than one year ago. The article discusses factors influencing oil prices, including supply and demand dynamics, economic uncertainties, and the role of benchmarks like Brent and West Texas Intermediate (WTI).

As of June 11, 2026, Brent crude oil reached $95.15 per barrel by 9 a.m. Eastern Time, down 88 cents from the previous day and $24 higher than a year earlier. Oil prices are influenced by supply and demand dynamics, with declines in crude prices often leading to slower reductions in gas pump prices. The U.S. Strategic Petroleum Reserve serves as an emergency buffer for energy security.

As of June 9, 2026, oil is trading at $95.06 per barrel (Brent benchmark), down $2.09 from the previous day but $27.50 higher than a year ago. Factors influencing oil prices include supply and demand dynamics, geopolitical risks, and the U.S. Strategic Petroleum Reserve's role in stabilizing markets during crises.

As of June 8, 2026, Brent crude oil priced at $97.15 per barrel, down 84 cents from the previous day but up $30 compared to a year ago. Oil prices are influenced by supply and demand dynamics, with factors like economic downturns or geopolitical events causing rapid fluctuations.

Oil prices fell over 10% as President Trump and Iran's foreign minister announced the Strait of Hormuz is open, easing concerns over disrupted oil shipments. The move follows progress in ceasefire negotiations, with Brent crude dropping to $88.90 and WTI to $83.35.