Why Is Brent Crude Oil Price Up 7.91% Today, July 29? Renewed Middle East Supply Risk Rebuilds a Risk Premium
Based on a single provider’s active/rolling futures reference, Brent crude oil rose 7.91% to USD 90.74 per barrel on July 29, 2026 as renewed Middle East escalation and a reported U.S. crude inventory draw renewed supply-risk pricing. Read the daily analysis of Brent crude oil's supply-risk outlook, momentum risk and key technical levels.