Brent crude oil reaches $100 amid rising U.S. inventories
after close1 source ↓written by the desknot a recommendation
- per barrel
- $100
- in July due
- 40% increase
- for the week
- 2 million barrels
- the week ending
- 17 July 2026
The price of Brent crude oil surged to $100 per barrel, marking a 40% increase in July due to escalating tensions in the Middle East. Meanwhile, U.S. crude oil commercial inventories rose by 2 million barrels for the week ending 17 July 2026, despite a decline in strategic emergency stockpiles. This mixed scenario may impact oil trading strategies.
Not investment advice. For informational purposes only.