Markets · Commodity markets, July 23

Oil surged again as the Middle East conflict deepened, with WTI up 6.37% and Brent breaking above $100

Thursday, July 23, 2026. From GEO's evening brief, after the close.

The New York Times reports strikes against Saudi tankers in the Red Sea drove the move. Precious and base metals sold off hard across the board, led by palladium down 4.11%. Natural gas held near flat despite a below-average storage picture.

Written with AI from public sources, checked by code, reviewed by GEO. Not investment advice.