Markets · Commodity markets, July 29

Crude jumped hard today as Middle East tensions escalated sharply

Wednesday, July 29, 2026. From GEO's evening brief, after the close.

WTI is trading at $84.60/bbl, up 6.74%, with Brent up 7.67%. President Trump threatened strikes on Iran after an attack on US forces in Jordan, per Al Jazeera. The EIA's Wednesday release showed commercial crude stocks drawing again, now about 6% below the five-year average.

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