Current Price of Oil as of July 22, 2026
As of July 22, 2026, Brent crude is priced at $92.21 per barrel, reflecting a $1.20 increase, while West Texas Intermediate (WTI) is at $85.42. The rise in oil prices is driven by ongoing U.S.-Iran military conflicts impacting key shipping routes. Supply chain concerns are heightened, with market reactions fluctuating based on geopolitical developments and their implications for future pricing.









