Business · 3 July 2026

Brent crude hits $72.26, WTI $69.01 before US holiday.

Higher oil prices could affect fuel costs if gains continue. Traders pushed crude prices slightly higher on Friday before the US Independence Day weekend as hopes for peace between the United States and Iran remained in place. Brent crude reached $72.26 a barrel, while West Texas Intermediate traded at $69.01 after both benchmarks touched their lowest levels since late February.

By BriefTea Editorial · 3 July 2026 at 8:11

Reported by Reuters · How we write briefs

Get the app

Understand this story

What is Brent crude?

More briefs

BusinessPound climbs to $1.3329 after strong August UK growth data BusinessBritish Food and Drink Exports to EU Fall by Over a Third BusinessIMF economist says UK should cut spending, not tax banks PoliticsHealey Rejects Mansion Tax Change That Would Double Homes Affected BusinessOfgem Plans Charge That Could Make Cheap Energy Deals Harder to Find BusinessBank of England's Bailey Says Inflation Pressures Subdued as Rate Rise Looms More business stories → Browse all stories →