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Global oil prices declined by 0.76%, recording approximately $83.20 per barrel during today's trading session on Thursday, July 30, 2026. Oil is considered one of the most important strategic commodities worldwide, directly impacting inflation and economic growth. Its prices are determined based on supply and demand, as well as geopolitical factors, OPEC decisions, and global stock levels. Projections for 2026 indicate continued price fluctuations, with Brent crude expected to range between $75 and $90 per barrel, depending on political tensions, potential supply disruptions, or a slowdown in global economic growth.
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