Current price of oil as of July 2, 2026¶

Fortune | July 2, 2026

Summary¶

By 9:40am ET, Brent was $71.53/barrel — $1.15 less than the previous morning and about $1.29 above its price a year earlier. Oil fell below $71, returning to pre-war levels.

Key Data Points¶

• Brent: $71.53/barrel (−$1.15 from previous morning)
• WTI: Not specified, but premium over Brent narrow
• Context: ~$1.29 above year-ago levels; below pre-war price

Source¶

• Fortune (https://fortune.com/article/price-of-oil-07-02-2026/)