Oil near highest level since June as supply disruption fears mount

Publish date: July 22, 2026 12:51 KSA

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Oil prices continued to rise, trading near their highest level since last June, as fears of worsening supply disruptions grew.

Brent crude futures rose $1.84, or 2%, to $92.85 a barrel, the highest since June 11. U.S. West Texas Intermediate crude climbed $1.67, or 2%, to $86.01 a barrel, its highest since June 12.