# Latest Oil Market News and Analysis for July 31 - Bloomberg

> Brent's most active contract settled up 1.2% near $88 a barrel while WTI rose 1% to settle below $85. Trading was influenced by a CBS report that the US and Israel were preparing to bombard energy targets in Iran.

- Date: 2026-07-30 · published 2026-07-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/18512-latest-oil-market-news-and-analysis-for-july-31-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Crude prices feed into energy-linked feed costs and biofuel economics, and a potential strike on energy infrastructure raises upside risk for oilseed oils and corn via ethanol.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-07-30/latest-oil-market-news-and-analysis-for-july-31

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.