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Oil prices exceed $96 on global markets

Oil prices exceed $96 on global markets
# 23 July 2026 09:30 (UTC +04:00)

Global oil prices have exceeded $96 per barrel, APA-Economics reports.

Brent crude oil futures for September delivery on the ICE exchange rose by $2.08, or 2.21%, to $96.15 per barrel.

Meanwhile, September futures for WTI crude on the NYMEX exchange increased by $1.51, or 1.74%, to $88.34 per barrel.

The main drivers behind the price increase are renewed geopolitical tensions in the Middle East, concerns over potential supply disruptions, and growing investor expectations that global oil supplies could become more constrained.

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