Brent Crude Futures Reach $70.19 Per Barrel in July After $2 Surge; Settle at $69.52 on July 17

Brent crude oil futures have experienced a general upward trend from late June to mid-July 2025. Prices settled at $67.68 per barrel on June 25, gradually increasing to $67.73 on June 26 and $67.77 on June 27. After a brief dip to $67.11 on July 1, futures surged to $69.11 on July 2, marking a $2.00 increase or 2.98%. The upward momentum continued with prices reaching $69.58 on July 7 and surpassing the $70 mark on July 8 and 9, settling at $70.15 and $70.19 per barrel respectively. Most recently, on July 17, Brent crude futures settled at $69.52 per barrel, up $1.00 or 1.46%. These fluctuations reflect ongoing market dynamics influencing Brent crude prices during this period.