Dossier
oil price trends
Coverage of oil price trends in the Nexus archive.
- Current price of oil as of July 29, 2026
As of July 29, 2026, Brent crude oil prices are $89.53 per barrel, up 45 cents from the previous day and $16.84 higher than the same time last year. Factors influencing oil prices include supply and demand dynamics, economic uncertainties, and the role of the U.S. Strategic Petroleum Reserve in mitigating price shocks during emergencies.