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Global oil prices climb 4.4% to $88

Global oil prices climb 4.4% to $88

The global oil price index rose by 4.40%, reaching approximately $88 per barrel during trading on Friday, July 24, 2026. Oil remains one of the most important strategic commodities worldwide, significantly impacting inflation, economic growth, and international trade movements. Projections for 2026 indicate continued price volatility, with Brent crude trading between $75 and $90 per barrel, with a possibility of increases if geopolitical tensions escalate or supply disruptions occur. Conversely, prices may decline if economic growth slows down or if production increases substantially.

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