MonetarioWatch · Thu 23 Jul 2026
Global oil prices jumped
Brent oil spot went from 94.12 to 105.32 USD per barrel on 23 Jul (+$11.2/bbl, +11.9%).
- Price
- 105.32 USD per barrel
- Change
- +$11.2/bbl, +11.9%
- Date
- Thu 23 Jul 2026
- Source
- FRED (Federal Reserve Bank of St. Louis)
Brent oil spot, last 6 months
USD per barrel
What it means
Global oil prices (Brent) jumped — a cost that ripples through fuel, shipping and manufacturing worldwide.
Written in advance by Monetario, the same for every similar move. The numbers come from the data below.
The data behind it
Brent oil spot went from 94.12 to 105.32 USD per barrel on 23 Jul (+$11.2/bbl, +11.9%).
Source: FRED (Federal Reserve Bank of St. Louis) · updated 18 Oct 2026, 14:00 UTC
Educational information, not investment advice.
Earlier moves
Who it affects
Energy
Usually helpsEach barrel they sell brings in more.
Refiners, which buy crude oil to make fuel, can be squeezed if oil rises faster than fuel prices.
Materials
Usually hurtsChemical makers pay more for the oil and gas they use as raw material and fuel.
Miners that produce their own energy can come out ahead.
Industrials
Usually hurtsShipping goods and running factories costs more.
Companies that sell equipment to oil drillers get more orders.
Consumer discretionary
Usually hurtsWhen fuel costs more, households have less to spend on extras like travel, eating out and new gadgets, and companies pay more to ship their products.
Consumer staples
Usually hurtsHigher oil prices make plastic packaging, fertiliser and delivery trucks more expensive, which squeezes the profit on everyday goods.