Oil Price Today (July 24): Crude oil dips below $100 but up 13% this week as supply tensions mount. $120 p
- Posted on July 24, 2026
- By Business News Today
- 2 Views
- 1 min read
In brief
Global crude oil markets experienced significant volatility this week, with both Brent and WTI benchmarks posting double-digit gains despite short-term price pullbacks. Brent crude fell below the $100 per barrel threshold, while WTI settled near $91.50, yet both contracts remain on track for their strongest weekly performance in months. Geopolitical supply disruptions and OPEC production concerns continue to drive bullish sentiment across energy markets, with analysts warning of potential price escalation toward $120 per barrel.
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Oil Price Today (July 24): Crude oil dips below $100 but up 13% this week as supply tensions mount. $120 p
Brent futures fell 81 cents, or 1%, to $99.68 a barrel at 0126 GMT, but were still set for a 13.5% rise this week. West Texas Intermediate (WTI) futures dropped 70 cents, or 0.76%, to $91.49 a barrel and were on track for a 11% weekly gain.
