If oil prices continue to exceed $100 per barrel, will the global economy recover thanks to the energy sector or face a new wave of inflation that puts all sectors under pressure?
The world oil market recorded a positive price increase on July 23, 2026 when both important oil standards simultaneously increased. Brent oil rose to $95.95 per barrel, while WTI oil reached $88.04 per barrel. The driving force for price increases not only comes from consumption demand but also reflects the expectation that supply will continue to tighten in many areas.
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Current Price Index Volatility
WTI Crude 88.04 USD/barrel +1.39%
Brent Crude 95.95 USD/barrel +2.00%
Murban Crude 92.64 USD/barrel +3.54%
US natural gas 2.98 USD/MMBtu +1.95%
RBOB gasoline 3.45 USD/gallon +0.96%
Heating oil $4.22/gallon +1.77%
It is worth noting that the gap between Brent and WTI is currently nearly 8 USD per barrel. This gap reflects the difference in supply and demand between the North American market and the international market, while continuing to maintain advantages for oil exporters in the Middle East and North Sea region.
The Middle East oil group and OPEC also recorded very strong increases
Type of oil Price Increase
Arab Light 82.92 USD/barrel +6.84%
Arab Extra Light 83.42 USD/barrel +6.80%
Arab Heavy 79.82 USD/barrel +7.13%
Basrah Medium 64.16 USD/barrel +7.42%
Basrah Heavy 61.86 USD/barrel +7.71%
Das 88.07 USD/barrel +8.81%
Umm Lulu 88.72 USD/barrel +8.74%
The sharp increase in many types of oil exported from the Middle East shows that the market is appreciating the risk of supply disruption as well as import demand remaining stable in Asia.
Meanwhile, other international benchmark oils also increased simultaneously
Type of oil Price
Azeri Light 99.85 USD/barrel
Mars 100.52 USD/barrel
CPC Blend 91.75 USD/barrel
Cossack 89.75 USD/barrel
Via Iboe 88.85 USD/barrel
Brass River 87.85 USD/barrel
Notably, US Mars oil has surpassed the $100 per barrel mark, reflecting high demand for oils of suitable quality for many modern refineries.
In the natural gas and LNG groups, the trend also continued to be positive when US natural gas increased to 2.98 USD, European benchmark gas Dutch TTF reached 19.97 USD and LNG Japan Korea Marker reached 21.34 USD. This givesIt is seen that the gas market still maintains stability after the previous period of strong fluctuations.
Compared to international oil benchmarks, Russian Urals oil remains at $73.12 per barrel, significantly lower than Brent, reflecting the price gap due to geopolitical factors and global trade structures.
Current developments show that the oil market is still in an uptrend with support from relatively limited supply, stable consumption demand and positive investor sentiment. If Brent exceeds the threshold of 100 USD per barrel in the near future, fuel costs, transportation, aviation and many industries may be under additional pressure, while opening up opportunities to improve revenue and profits for oil and gas exploitation businesses globally.
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