Lead

Brent crude oil futures for September 2026 delivery have seen notable price movements on London's ICE exchange, according to trading data reported by TASS. Over recent trading sessions, the benchmark has crossed several significant milestones, including rising above $85, $88, and $91 per barrel for the first time since mid-June, and also experiencing a sharp decline.

Coverage Comparison

TASS, the Russian state news agency, has provided multiple reports on these price movements. The reports cover a period from early July to late July 2026, each highlighting different price points and percentage changes. The data shows both upward and downward swings in Brent and WTI crude futures.

On July 8, Brent crude futures for September delivery exceeded $80 per barrel for the first time since June 22. On July 14, Brent rose above $85 per barrel for the first time since June 15. Three days later, on July 17, the price crossed $88 per barrel for the first time since June 12. By July 20, Brent had surged above $91 per barrel, its highest level since June 11.

However, on July 27, TASS reported a sharp drop, with Brent falling below $88 per barrel for the first time since July 21. This represented a decline of more than 9% at one point. The volatility continued into July 29, when Brent grew by more than 5% again.

Throughout these reports, TASS provided specific prices at various times during each trading day, as well as corresponding movements in WTI crude futures.

Key Claims

  • On July 8, Brent crude futures for September delivery on London's ICE exceeded $80 per barrel for the first time since June 22. As of 6:07 p.m. Moscow time, Brent was up 7.97% to $80.07 per barrel. WTI crude futures for August delivery rose 7.55% to $75.76 per barrel.
  • On July 14, Brent futures for September 2026 delivery rose above $85 per barrel for the first time since June 15. As of 3:16 a.m. Moscow time, Brent was up 2.04% at $85.02 a barrel, and by 3:23 a.m. it had gained 2.78% to reach $85.64. WTI crude futures for July 2026 delivery were up 8.25% at $80.42 per barrel.
  • On July 17, Brent futures for September 2026 delivery rose above $88 per barrel for the first time since June 12. As of 8:31 p.m. Moscow time, Brent was up 4.52% at $88.04 a barrel, but by 8:36 p.m. it had eased slightly to $87.74, still up 4.17%.
  • On July 20, Brent futures for September 2026 delivery rose above $91 per barrel for the first time since June 11. As of 1:27 a.m. Moscow time, Brent was up 3.54% at $91.22 a barrel, and by 1:30 a.m. it had extended gains to 3.77%, reaching $91.42. By 7:00 a.m. Moscow time, the price had moderated to $90.26, up 2.45%. WTI crude futures for August 2026 delivery were up 2.27% at $83.64 per barrel.
  • On July 27, Brent futures for September 2026 delivery dropped by more than 9% on London's ICE, diving below $88 per barrel for the first time since July 21. As of 12:32 p.m. Moscow time, Brent was down 9.18% at $87.9 a barrel, and by 12:39 p.m. it was down 8.98% at $88.09. WTI crude futures for August 2026 delivery were down 7.26% at $82.83 per barrel.
  • On July 29, Brent futures for September 2026 delivery grew by more than 5% on London's ICE. As of 1:40 p.m. Moscow time, Brent was up 5.23% at $88.49 a barrel, and by 1:55 p.m. it was up 5.33% at $88.57. WTI crude futures for August 2026 delivery were up 5.07% at $83.28 per barrel.