Oil Price Today (July 13): Crude oil up almost 5%, nears $80 as US, Iran unleash more strikes. $100 in sig
- Posted on July 13, 2026
- By Business News Today
- 3 Views
- 1 min read
In brief
Global oil markets surge amid escalating geopolitical tensions between the United States and Iran, with Brent crude climbing to $79.50 per barrel and WTI reaching $74.20. This represents a substantial 4.3-4.4% daily gain, following an impressive 5.5% weekly advance. Energy analysts suggest crude could approach the $100 mark if regional conflicts intensify further. Natural gas futures also strengthened, reflecting broader energy sector volatility driven by supply concerns and Middle East uncertainties.
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Oil Price Today (July 13): Crude oil up almost 5%, nears $80 as US, Iran unleash more strikes. $100 in sig
Brent crude futures advanced $3.34, or 4.38%, to $79.5 a barrel, while U.S. West Texas Intermediate (WTI) crude gained $3.07, or 4.30%, to $74.20 a barrel. The latest rally comes after both benchmarks climbed 5.5% last week, with WTI once again trading above $74 a barrel. European natural gas futures also rose 2.5% after markets reopened following the weekend.
