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Brent rose 7.2% to $100.82 a barrel, its highest since late May, while WTI climbed 5.8% to $91.83. Both contracts have gained more than 16% this week.
Sharp crude gains raise energy and fertilizer input costs and tend to pull vegetable oil and biofuel-linked feedstocks higher.
wsj.comGiulia Petroni, Anthony HarrupJul 23, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Documents Brent up 7.2% on the day and over 16% on the week to $100.82, quantifying the move on supply-squeeze fears.
It documents the price move itself (Brent +7.2% to $100.82) and the Houthi supply-squeeze driver, though it is mostly descriptive.
