Global oil prices have risen significantly, with Brent crude exceeding $78 per barrel for the first time since June 23.
AI will summarize what happened, why it matters and what it means for business.
The price of September futures for Brent crude oil rose by 5.31 percent from the previous close to $78.1 per barrel.
August futures for WTI crude oil rose by 5.37 percent to $74.22 per barrel.
Brent price was below $78 per barrel
Brent crude oil price rose above $78 per barrel for the first time since June 23.
Further price movements will depend on global supply and demand factors.
Why crude has several prices, what an Azeri Light premium or discount means and which numbers matter for Azerbaijan.
2 min →Zeyni Jafarov. “Brent crude oil price exceeds $78 per barrel”. FinFly.news, July 8, 2026. URL: https://finfly.news/en/economy/brent-crude-oil-price-exceeds-78-dollars-per-barrel
