Is Brent oil exceeding the $100 per barrel mark just a short-term fluctuation or could it be the beginning of a new cycle of high oil prices that will have a strong impact on the global economy and financial markets?
According to updated data from Petroleum Technology's oil price system at 10:29 on July 24, 2026 Vietnam time, Brent oil traded at 101.01 USD per barrel while WTI oil reached 92.12 USD per barrel. This is the time when Brent oil returns to the area above 100 USD per barrel, a psychological threshold that has a great influence on global energy and financial markets.
On the same day, July 24, 2026, Tuoi Tre Newspaper also cited market developments saying that oil prices exceeding the mark of 100 USD per barrel caused many stock markets to react negatively. This is a common reaction when rising energy costs can create additional pressure on inflation, production costs and profits of many businesses outside the oil and gas sector.
Price list of some prominent energy products
Product Price
Brent Crude $101.01 per barrel
WTI Crude 92.12 USD per carton
Murban Crude 107.17 USD per barrel
Natural Gas $2.92
Gasoline $3.48
Heating Oil $4.35
Some notable international crude oils
Type of oil Price
Mars $101.45 per barrel
Cossack 92.71 USD per barrel
Ichthys Condensate 95.81 USD per barrel
Upper Zakum 89.41 USD per barrel
Arab Light 85.80 USD per barrel
Kuwait Export Blend 94.71 USD per barrel
The fact that Brent exceeded 100 USD per barrel does not mean that all types of oil in the world have exceeded this mark. In fact, the price list shows that the difference between types of oil is still quite large due to differences in quality, exploitation area, transportation costs and supply and demand conditions of each market.
For oil and gas exploitation businesses, high oil prices often help improve revenue and profits if exploitation costs are well controlled. Conversely, businesses in transportation, aviation, chemicals and many manufacturing industries may face increased fuel cost pressure.
For energy importing countries, a prolonged increase in oil prices can increase import costs, affect the trade balance and put pressure on inflation. Meanwhile, oil exporting countries often benefit from increased budget revenue.
Currently, data lVerified signals show that Brent oil was trading above 100 USD per barrel on July 24, 2026. However, the price trend in the following sessions will still depend on global supply and demand developments, OPEC policies and geopolitical factors. There is no basis to confirm that this will be the starting point of a long-term price increase cycle.
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