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The Emirates News Agency reported that oil prices rose on Friday with Brent crude futures reaching $84.93 a barrel after a 0.83 percent gain. The contract added 70 cents in value at 0312 GMT. WTI futures settled at $79.76 a barrel following a 1.03 percent increase that amounted to 81 cents.
According to the agency the two benchmarks have each advanced roughly 12 percent during the week. Brent crude posted its third straight weekly gain. WTI recorded its second consecutive weekly advance.
Fortune data placed the price of Brent crude at $76.80 per barrel on July 10, 2026. A subsequent update from Yahoo Finance on July 15 put the benchmark at $85.92 per barrel. These shifts illustrate the rapid changes seen in oil markets over a short period.
A report from Reuters indicated that Brent crude oil jumped 5 percent to near $80 a barrel in early July amid various market reactions to policy statements. Separate analysis from Intellectia attributed a surge to around $86 per barrel in July 2026 to renewed geopolitical tensions in the Middle East along with attacks on shipping in the Strait of Hormuz. The assessment noted that the price level represented a 25 percent gain compared to the same period last year.
Reuters market snapshots from July 17 listed Brent Crude Oil at 84.93 with the 0.83 percent positive movement. The figures appeared in updates tracking multiple companies and assets. Such data provides a snapshot of trading activity across global exchanges.
Oil prices a year earlier stood at levels that made the current figures reflect substantial year-on-year growth according to the Yahoo Finance compilation. The July 1 price stood at $72.68 per barrel per that outlet. Market participants have observed the cumulative effect of these gains on related financial instruments.
