Current Price of Oil as of July 6, 2026¶
Fortune | July 6, 2026
Summary¶
Brent crude oil traded at $72.36/barrel at 8:30am ET on July 6, 2026 — essentially flat versus the prior day ($72.31, +$0.05) and approximately $3.50 higher than the same time the prior year. Oil was stable near pre-war price levels as markets weighed slow Hormuz recovery against demand concerns.
Key Data Points¶
| Metric | Value |
|---|---|
| Brent (July 6 AM) | $72.36/bbl |
| Previous day | $72.31/bbl |
| Change vs. Previous | +$0.05 (+0.06%) |
| One month ago | $95.60/bbl (−24.30%) |
| One year ago | $68.83/bbl (+5.12%) |
Context¶
July 6 was the last day before the major escalation. Oil was trading near pre-war levels (~$70–72) as markets priced in a successful Hormuz reopening and glut scenario. This pricing would prove dramatically wrong within 48 hours as the ceasefire collapsed.