In July this year, the average price of one barrel of Brent benchmark crude oil on global markets stood at $83.4, which is 2.34% lower than the previous month's figure of $85.4, APA-Economics reports, citing the World Bank's monthly commodity markets report.
The average price of one barrel of Brent crude on global markets reached $104.4 in the second quarter of this year, which is 54% higher than the corresponding period last year ($67.8).
The Bank recalled that the average price of Brent crude stood at $69 in 2025, down 14.5% from $80.7 in 2024.
According to the report, the average price of one barrel of WTI (West Texas Intermediate) benchmark crude in July this year was $79.4, which is 3.1% lower than the previous month's figure of $81.9.
It was noted that the average price of one barrel of WTI crude on global markets reached $93.2 in the second quarter of this year, which is 46% higher than the corresponding period last year ($63.9).
The report said that the average price of WTI crude stood at $64.9 in 2025, down 14.4% from $75.8 in the previous year.
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